The value of your traditional IRAs as of December 31, 2021 is not the same as your basis in the IRA.
The value TurboTax is asking for is the total value of all your traditional IRAs as of December 31, 2021. If you were making nondeductible contributions, your basis would be the nontaxable portion of the IRA. The growth of your investments and the deductible contributions would make up the taxable portion of your IRAs. The total value is the taxable + the nontaxable portions.
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