Thanks a lot for the information. Two follow-up questions I have are
Question 1) Would the total basis includes funds that I would have contributed or rolled over directly to a Roth IRA prior to 2020? For example, if I directly contributed $6,000 when I was under the income limit in the past and converted say $1K (pretax) from traditional to Roth at some other point should this $6,000+$1,000 be added to any of the total basis sections in a following Tax Years? I know form 8606 instructions mention a form 8606 is not needed for regular Roth contributions. I want to make sure I'm capturing the basis correctly for 2020,2021, and 2022 8606.
Question 2) When TurboTax for Tax Year 2022 asks "total basis as of December 31, 2021" would it just be only the amounts I've contributed in 2020 and 2021, or should it include direct contributions made in any years prior to those even if an form 8606 was not need?
Thank you in advance!
