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Retirement tax questions
I am seeing the question "Enter the value of Roth IRAs on Dec 31, 2021".
1. I have made 10 years of "Backdoor Roth contributions" in one Roth account and 6 years of "Backdoor Roth contributions in my second Roth IRA. Is this question asking for the total balance of both of my Roth Ira accounts on 12/31/21?
2. What is the purpose of asking the total balance of these Roth accounts, since the values of each account varies depending of market ups and downs?
‎April 4, 2022
10:36 AM