Correct. The $6000 contribution towards my 2022 IRA is captured in my 2022 8606.
My 2021 8606 is here .
My 2022 8606 (using 2021 forms since 2022 forms are not available yet) is here.
Hopefully the following checks out. I plan to talk to my brokerage tomorrow to initiate the rollovers.
| IRA Balance as of 03/08/2022 | Amount |
| IRA#1 | 44,000.00 |
| IRA#2 | 6000 |
| TOTAL | 50,000.00 |
| Present basis = 2021 Line 14 + 2022 non-deductible contribution | 19,924.00 |
| Pre-tax balance in IRA#1 + IRA#2 | 30,076.00 |
| Pre-tax balance in IRA#1 (for 401 k rollover) | 24,076.00 |
| Post-tax balance in IRA#1 (for Roth conversion) | 19,924.00 |
Many thanks!
