so based on my example numbers below from my original post
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I have made non deductible contributions to a Traditional IRA for years prior to 2019 (basis as of 12/31/2018 = $7200), and have never made deductible contributions to the Traditional IRA.
In 2019 I converted 7200 from the Traditional IRA ( I only have 1 Traditional IRA) to my Roth IRA and also, for tax year 2019, I am making a non deductible contribution of $6000 to the Traditional IRA in March of 2020.
After the 2019 $7200 withdrawal for the conversion and prior to the $6000 2019 (in 2020) contribution, the Fair Market Value as of 12/31/2019 was $5035 due to stock gains in the account.
In filling the Taxable IRA Distribution worksheet line 4, should I enter:
a - $5035
or
b - $5035 + 6000 (2019 contribution in 2020) = $11035
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would the answer be a - $5035 or b - $11035?
