Form 8606 Nondeductible IRAs

Form

8606

Nondeductible IRAs
▶ See

Department of the Treasury
Internal Revenue Service (99)

▶ Attach

OMB No. 1545-0074

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Part I

Attachment
Sequence No. 48
Your social security number

Name. If married, file a separate form for each spouse required to file Form 8606. See instructions.

Fill in Your Address Only
If You Are Filing This
Form by Itself and Not
With Your Tax Return

2011

separate instructions.

to Form 1040, Form 1040A, or Form 1040NR.

Home address (number and street, or P.O. box if mail is not delivered to your home)

Apt. no.

City, town or post office, state, and ZIP code

Nondeductible Contributions to Traditional IRAs and Distributions From Traditional, SEP, and SIMPLE IRAs

Complete this part only if one or more of the following apply.
• You made nondeductible contributions to a traditional IRA for 2011.
• You took distributions from a traditional, SEP, or SIMPLE IRA in 2011 and you made nondeductible contributions to a
traditional IRA in 2011 or an earlier year. For this purpose, a distribution does not include a rollover, qualified charitable
distribution, one-time distribution to fund an HSA, conversion, recharacterization, or return of certain contributions.
• You converted part, but not all, of your traditional, SEP, and SIMPLE IRAs to Roth IRAs in 2011 (excluding any portion
you recharacterized) and you made nondeductible contributions to a traditional IRA in 2011 or an earlier year.
Enter your nondeductible contributions to traditional IRAs for 2011, including those made for 2011
from January 1, 2012, through April 17, 2012 (see instructions) . . . . . . . . . . . .
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Enter your total basis in traditional IRAs (see instructions) . . . . . . . . . . . . . .
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Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . .
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No
▶ Enter the amount from line 3 on line 14.
In 2011, did you take a distribution
Do not complete the rest of Part I.
from traditional, SEP, or SIMPLE IRAs,
or make a Roth IRA conversion?
Yes
▶ Go to line 4.
Enter those contributions included on line 1 that were made from January 1, 2012, through April 17, 2012 .
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Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . . . . .
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Enter the value of all your traditional, SEP, and SIMPLE IRAs as of
December 31, 2011, plus any outstanding rollovers (see instructions) . .
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Enter your distributions from traditional, SEP, and SIMPLE IRAs in 2011. Do
not include rollovers, 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
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instructions) . . . . . . . . . . . . . . . . . . . .
Enter the net amount you converted from traditional, SEP, and SIMPLE
IRAs to Roth IRAs in 2011. Do not include amounts converted that you
later recharacterized (see instructions). Also enter this amount on line 16 .
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Add lines 6, 7, and 8 . . . . . . . .
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Divide line 5 by line 9. Enter the result as a decimal rounded to at least
×
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3 places. If the result is 1.000 or more, enter “1.000” . . . . . .
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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 . . .
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Multiply line 7 by line 10. This is the nontaxable portion of your
distributions that you did not convert to a Roth IRA . . . . . . .
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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 2011 and earlier years
Taxable amount. Subtract line 12 from line 7. If more than zero, also include this amount on Form
1040, line 15b; Form 1040A, line 11b; or Form 1040NR, line 16b . . . . . . . . . . . .
Note: You may be subject to an additional 10% tax on the amount on line 15 if you were under
age 59½ at the time of the distribution (see instructions).

Part II

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2011 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 2011 (excluding
any portion you recharacterized).

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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 2011. Do not include amounts
you later recharacterized back to traditional, SEP, or SIMPLE IRAs in 2011 or 2012 (see instructions)
If you completed Part I, enter the amount from line 11. Otherwise, enter your basis in the amount
on line 16 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . .
Taxable amount. Subtract line 17 from line 16. Also include this amount on Form 1040, line 15b;
Form 1040A, line 11b; or Form 1040NR, line 16b . . . . . . . . . . . . . . . . .

For Privacy Act and Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 63966F

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Form 8606 (2011)

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Form 8606 (2011)

Part III

Distributions From Roth IRAs
Complete this part only if you took a distribution from a Roth IRA in 2011. For this purpose, a distribution does not
include a rollover, a qualified charitable distribution, a one-time distribution to fund an HSA, recharacterization, or return
of certain contributions (see instructions).

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Enter your total nonqualified distributions from Roth IRAs in 2011, including any qualified first-time
homebuyer distributions and certain qualified distributions (see instructions) . . . . . .
Qualified first-time homebuyer expenses (see instructions). Do not enter more than $10,000 . .
Subtract line 20 from line 19. If zero or less, enter -0-, skip lines 22 through 24, and enter -0- on line 25
Enter your basis in Roth IRA contributions (see instructions) . . . . . . . . . . . . .
Subtract line 22 from line 21. If zero or less, enter -0-, skip line 24, and enter -0- on line 25. If more
than zero, you may be subject to an additional tax (see instructions) . . . . . . . . . .
Enter your basis in conversions from traditional, SEP, and SIMPLE IRAs and rollovers from
qualified retirement plans to a Roth IRA (see instructions) . . . . . . . . . . . . . .
Subtract line 24 from line 23. If zero or less, enter -0- and see the Note below . . . . . . . .
Note. If you completed lines 20a and 20b or 25a and 25b of your 2010 Form 8606, go to line 26
(see instructions). Otherwise, skip lines 26 through 35 and go to line 36.
Enter the total of lines 20a, 20b, 25a, and 25b from your 2010 Form 8606. (If zero, see the note above) .
Enter the smaller of line 23 or line 24 . . . . . . . . . . . . . . . . . . . . .
Enter the portion of line 24, if any, that was converted before 2010 (see instructions) . . . . .
Subtract line 28 from line 27 . . . . . . . . . . . . . . . . . . . . . . . .
Enter the amount, if any, from your 2010 Form 8606, line 33 . . . . . . . . . . . . .
Subtract line 30 from line 26 . . . . . . . . . . . . . . . . . . . . . . . .
Enter the smaller of line 29 or line 31 . . . . . . . . . . . . . . . . . . . . .
Enter the total of lines 20a and 25a from your 2010 Form 8606 . . . . . . . . . . . .
Add lines 32 and 33 . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter the smaller of line 31 or line 34 . . . . . . . . . . . . . . . . . . . . .
Taxable amount. Add lines 25 and 35. If more than zero, also include this amount on Form 1040,
line 15b; Form 1040A, line 11b; or Form 1040NR, line 16b . . . . . . . . . . . . . .
Next. If the amount on line 26 is more than zero, complete lines 37 and 38 to refigure the amount
you must include in your income in 2012; otherwise, skip lines 37 and 38.
Add lines 30 and 35 . . . . . . . . . . . . . . . . . .
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Amount subject to tax in 2012. Subtract line 37 from line 26. If you do
not take a distribution in 2012 from a Roth IRA, enter this amount on
the applicable line of your 2012 tax return . . . . . . . . . .

Part IV

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Certain Distributions from Designated Roth Accounts

Paid
Preparer
Use Only

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Complete this part only if you took a distribution from your designated Roth account in 2011 and, in 2010, you had an
in-plan rollover to your designated Roth account and you completed lines 25a and 25b of your 2010 Form 8606 that you
filed to report the in-plan rollover.
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Enter the amount from box 10 of your 2011 Form 1099-R . . . . . . . . . . . . . .
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Enter the total of lines 25a and 25b from your 2010 Form 8606 . . . . . . . . . . . .
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Enter the amount, if any, from line 3 of the Designated Roth Account Income Acceleration
Worksheet in your 2010 Instructions for Form 8606 . . . . . . . . . . . . . . . .
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Subtract line 41 from line 40 . . . . . . . . . . . . . . . . . . . . . . . .
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Enter the smaller of line 39 or line 42 . . . . . . . . . . . . . . . . . . . . .
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Enter the amount from line 25a of your 2010 Form 8606. . . . . . . . . . . . . . .
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Add lines 43 and 44 . . . . . . . . . . . . . . . . . . . . . . . . . .
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Taxable amount. Enter the smaller of line 42 or line 45. Include this amount on Form 1040, line
16b; Form 1040A, line 12b; or Form 1040NR, line 17b . . . . . . . . . . . . . . .
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Add lines 41 and 46 . . . . . . . . . . . . . . . . . .
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Amount subject to tax in 2012. Subtract line 47 from line 40. Include
this amount on the applicable line of your 2012 tax return . . . . .
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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
Date
Your signature
Print/Type preparer’s name

Preparer’s signature

Date

Check
if PTIN
self-employed

Firm's name

▶

Firm's EIN

Firm's address

▶

Phone no.

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Form 8606 (2011)