8606 roth conversion

[stech]

I converted to Roth GSIRA a non deductible contribution. $7000.  

we did Roth IRA conversions of $7000 for myself and $7000 for spouse using non-deductible IRA reported in 2022. How do I enter this amount in Form 8606 in line 16 for both of us. I received 5498

what will be line 6 on 8606

Will this shows up has taxable in Line 4b on 1040?

total net income is above $350K

[fanfare]

Since an IRA belongs to an Individual, you must submit two Forms 8606, one with your name/SSN, and one with spouse's name/SSN.

@stech 

[fanfare]

Since you are converting an IRA with basis, Line 16 will have the amount from Part I Line 8.

@stech 

[stech]

How do I enter amount in line 8

Right now, I have $7K in Line 1, 3,4, 14.. nothing on Line 16.  I know line 8 will flow to Line 16

If I enter values in Line 6, will that calc taxable amount?

[fanfare]

Line 6 "value of all your ... IRAs as of Dec 31", is important and required.

Are you doing the manually? or with software?

complete the remaining lines as directed.

@stech 

[stech]

Software.