You have clarified a lot thank you, my confusion was with the definition of basis But if I understand correctly now when you convert out of that traditional IRA...
So just to clarify in 2021 she converted 6500 but accidentally left 2500 in there so that following year the basis should’ve been 2500 on the 2022 form 8606, th...
Thank you for the fast reply. No she has no other traditional IRA accounts just that one and they are all nondeductible contributions. There has been a year may...
