s246
Level 1

Why do I need to enter the value of ALL my IRAsi into TT

All I did was conversion of some funds from Trad IRA to Roth IRAs (belive it is called a backdoor contribution), no additional contributions made this year as we retired so can no longer contribute to an IRA. Just wanted to convert some  traditional funds to a Roth IRA to avoid RMD requirements in a few years. Thought those funds were just considered taxable funds. To the best of my knowledge there are no limits as to the amount so do ot see the reason to report value of all IRA funds? TT is requiring a number, at present I just entered $1 as do not understand why I need to enter anything at all. 

Thank you.