Need Step by Step instructions filing out the IRS 8606 form for the following question

In 2020, Rashaun (62 years old) retired and planned on immediately receiving distributions (making withdrawals) from his traditional IRA account. The balance of his IRA account is $210,000 (before reducing it for withdrawals/distributions described below). Over the years, Rashaun has contributed $57,790 to the IRA. Of his $57,790 contributions, $41,790 was nondeductible and $16,000 was deductible. Assume Rashaun did not make any contributions to the account during 2020. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) b. If Rashaun currently withdraws $70,000 from the IRA, how much tax will he required to pay on the withdrawal if his marginal tax rate is 28 percent? 70,000 $ 41,790 210,000 $ Amount of Withdrawal Ratio of nondeductible contributions: Non-deductible contributions Total IRA account balance Non-taxable Taxable Tax Rate Tax $ $ 19.90 % 13,930 56,070 28% 15,700 $ 1 2 3 WN - 2 3 No 4 5 6 6 7 nondeductible contributions to a traditional IRA in 2019 or an earlier year. Enter your nondeductible contributions to traditional IRAs for 2019, including those made for 2019 from January 1, 2020, through April 15, 2020. See instructions Enter your total basis in traditional IRAs. See instructions Add lines 1 and 2 In 2019, did you take a distribution Enter the amount from line 3 on line 14. from traditional, SEP, or SIMPLE IRAS, Do not complete the rest of Part I. or make a Roth IRA conversion? Yes Go to line 4. 4 Enter those contributions included on line 1 that were made from January 1, 2020, through April 15, 2020 5 Subtract line 4 from line 3 .. Enter the value of all your traditional, SEP, and SIMPLE IRAs as of December 31, 2019, plus any outstanding rollovers. Subtract any repayments of qualified disaster distributions (see 2019 Forms 8915-C and 8915-D) Enter your distributions from traditional, SEP, and SIMPLE IRAs in 2019. Do not include rollovers (other than repayments of qualified disaster distributions (see 2019 Forms 8915-C and 8915-D)), qualified charitable distributions, a one-time distribution to fund an HSA, conversions to a Roth IRA, certain returned contributions, or recharacterizations of traditional IRA contributions (see instructions) 7 Enter the net amount you converted from traditional, SEP, and SIMPLE IRAs to Roth IRAs in 2019. Also enter this amount on line 16 Add lines 6, 7, and 8 . 9 10 Divide line 5 by line 9. Enter the result as a decimal rounded to at least 3 places. If the result is 1.000 or more, enter "1.000" 11 Multiply line 8 by line 10. This is the nontaxable portion of the amount you converted to Roth IRAs. Also enter this amount on line 17. . 11 Multiply line 7 by line 10. This is the nontaxable portion of your distributions that you did not convert to a Roth IRA 13 Add lines 11 and 12. This is the nontaxable portion of all your distributions Subtract line 13 from line 3. This is your total basis in traditional IRAs for 2019 and earlier years 15a Subtract line 12 from line 7.. b Enter the amount on line 15a attributable to qualified disaster distributions from 2019 Forms 8915-C and 8915-D (see instructions). Also, enter this amount on 2019 Form 8915-C, line 22, or 2019 Form 8915-D, line 13, as applicable c Taxable amount. Subtract line 15b from line 15a. If more than zero, also include this amount on 2019 Form 1040 or 1040-SR, line 4b; or 2019 Form 1040-NR, line 16b Note: You may be subject to an additional 10% tax on the amount on line 15c if you were under age 5972 at the time of the distribution. See instructions. For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. 8 8 8 9 10 X 12 12 14 13 14 15a 15b 15c Cat. No. 63966F Form 8606 (2019) Page 2 19 Form 8606 (2019) Part II 2019 Conversions From Traditional, SEP, or SIMPLE IRAs to Roth IRAs Complete this part if you converted part or all of your traditional, SEP, and SIMPLE IRAs to a Roth IRA in 2019. 16 If you completed Part I, enter the amount from line 8. Otherwise, enter the net amount you converted from traditional, SEP, and SIMPLE IRAs to Roth IRAs in 2019 16 17 If you completed Part I, enter the amount from line 11. Otherwise, enter your basis in the amount on line 16 (see instructions) 17 18 Taxable amount. Subtract line 17 from line 16. If more than zero, also include this amount on 2019 Form 1040 or 1040-SR, line 4b; or 2019 Form 1040-NR, line 16 18 Part III Distributions From Roth IRAs Complete this part only if you took a distribution from a Roth IRA in 2019. For this purpose, a distribution does not include a rollover (other than a repayment of a qualified disaster distribution (see 2019 Forms 8915-C and 8915-D)), qualified charitable distribution, one-time distribution to fund an HSA, recharacterization, or return of certain contributions (see instructions) Enter your total nonqualified distributions from Roth IRAs in 2019, including any qualified first-time homebuyer distributions, and any qualified disaster distributions (see instructions). Also see 2019 Forms 8915-C and 8915-D. 19 20 Qualified first-time homebuyer expenses (see instructions). Do not enter more than $10,000 reduced by the total of all your prior qualified first-time homebuyer distributions 20 21 Subtract line 20 from line 19. If zero or less, enter-O- 21 22 Enter your basis in Roth IRA contributions (see instructions). If line 21 is zero, stop here. 22 23 Subtract line 22 from line 21. If zero or less, enter -- and skip lines 24 and 25. If more than zero, you may be subject to an additional tax (see instructions)... 23 24 Enter your basis in conversions from traditional, SEP, and SIMPLE IRAs and rollovers from qualified retirement plans to a Roth IRA. See instructions 24 25a Subtract line 24 from line 23. If zero or less, enter -- and skip lines 25 and 25c 25a b Enter the amount on line 25a attributable to qualified disaster distributions from 2019 Forms 8915-C and 8915-D (see instructions). Also, enter this amount on 2019 Form 8915-C, line 23, or 2019 Form 8915-D, line 14, as applicable 25b c Taxable amount. Subtract line 25b from line 25a. If more than zero, also include this amount on 2019 Form 1040 or 1040-SR, line 4b; or 2019 Form 1040-NR, line 16b.. 25c Sign Here Only if you under penalties of perjury, I declare that I have examined this form, including accompanying attachments, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Are Filing This Form by Itself and Not With Your Tax Return Your signature Print/Type preparer's name Preparer's signature Dif Paid self-employed Preparer Use Only Firm's name Firm's EIN Firm's address Form 8606 (2019) Date Date Check PTIN Phone no