dmertz
Level 15
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Retirement tax questions

What you listed correctly describes what should be appearing on your 2022 Form 8606.

 

Note that when you recharacterized your 2022 Roth IRA contribution you recharacterized $6,000, not $5,xxx.  $5,xxx was the amount transferred, not the amount recharacterized.

 

With $0.76 in traditional IRAs on December 31, 2023 you should have $1 on line 6 which will cause slight changes to what you posted for lines after line 6.  Line 8 would have only $12,500 if your February conversion was only $6,500.

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