@DanaB27I've got $800 for line 14 on Form 8606. Though, is it correct that Line 7 = $200 & Line 8, 11, 16, & 17 = $5000?
Line 7:
Enter your distributions from traditional, SEP, and SIMPLE IRAs in 2022. Do not include rollovers (other than repayments of qualified disaster distributions, if any, from 2022 Form(s) 8915-F (see instructions)), qualified charitable distributions, a one-time distribution to fund an HSA, conversions to a Roth IRA, certain returned contributions, or recharacterizations of traditional IRA contributions
Line 8:
Enter the net amount you converted from traditional, SEP, and SIMPLE IRAs to Roth IRAs in 2022. Also, enter this amount on line 16
Line 11:
Multiply line 8 by line 10. This is the nontaxable portion of the amount you converted to Roth IRAs. Also, enter this amount on line 17
Line 16:
If you completed Part I, enter the amount from line 8. Otherwise, enter the net amount you converted from traditional, SEP, and SIMPLE IRAs to Roth IRAs in 2022
Line 17:
If you completed Part I, enter the amount from line 11. Otherwise, enter your basis in the amount on line 16
