Over many years my wife and I have made contributions into our traditional IRAs. Based on our income at the time, some of these contributions have been non-deductible. We have kept track of our basis in each account. We also each have a rollover IRA account from previous employer retirement plans. Those accounts should have no basis.
We chose to convert our traditional IRAs to Roth IRAs in 2020. When filling out forms 8606, part 1, line 6, are we supposed to include the year end values of our rollover IRAs?
