Retirement tax questions

@AnnetteB6 

 

I checked my two traditional IRA account balance and it is more than the total basis from 2021. I invested some of the IRA funds into stocks and it seems like the brokerage also distributed some dividends. In this case, do I still only report the 2021 form 8606 total basis or should I report my current most up-to-date total balance from both accounts?