Super appreciate for the reply. A few questions.
1. On my 2021 return to enter the nondeductible contribution to the traditional IRA:
1.1 after #10 - Enter your $6,000 basis in the Traditional IRA from your 2020 Form 8606 line 14. It is asking 'Tell Us the Value of All Your Traditional IRA Accounts'. What is it going to be? 0 or 6000? I have converted $6,000 from Traditional IRA to Roth IRA.
1.2 there isn't question 'Choose Not to Deduct IRA Contributions'. Is it normal?
2. On my 2021 return to enter the 1099-R distribution/conversion
1.1 for #8, there isn't question about 'What Did You Do With The Money'. But there is 'Tell us if you moved the money through a rollover or conversion' with 4 options.
a. I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)
b. I converted some or all of it to a Roth IRA
c. I did a combination of rolling over and converting some or all of this money
d. I didn't rollover or convert this money
What should I choose?
If I choose 'I converted some or all of it to a Roth IRA'
it will ask 'Did you convert all of this $12,000.00 (Box 1) to a Roth IRA?' with 3 options.
a. Yes, all of this money was converted to a Roth IRA
b. No, I converted less than $12,000.00
c. I didn’t convert any of the money
Should I choose 'a'? or 'b' and enter $6,000?
