Form 8606 Nondeductible IRAs

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Form

8606

Nondeductible IRAs
▶ Go

Department of the Treasury
Internal Revenue Service (99)

OMB No. 1545-0074

2019

to www.irs.gov/Form8606 for instructions and the latest information.
▶ Attach

Attachment
Sequence No. 48

to 2019 Form 1040, 1040-SR, or 1040-NR.

Your social security number

Name. If married, file a separate form for each spouse required to file 2019 Form 8606. See instructions.

Part I

▲

DRAFT AS OF
August 28, 2019
DO NOT FILE

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

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. If you have a foreign address, also complete the spaces below (see instructions).
Foreign country name

Foreign province/state/county

Foreign postal 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 2019.
• You took distributions from a traditional, SEP, or SIMPLE IRA in 2019 and you made nondeductible contributions to a
traditional IRA in 2019 or an earlier year. For this purpose, a distribution does not include a rollover (other than a
repayment of a qualified disaster distribution, if any (see instructions)), 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 2019 and you made
nondeductible contributions to a traditional IRA in 2019 or an earlier year.

1

2
3

4
5
6

7

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 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
▶ Enter the amount from line 3 on line 14.
No
In 2019, 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?
▶ Go to line 4.
Yes
Enter those contributions included on line 1 that were made from January 1, 2020, through April 15, 2020
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, if any (see instructions) . . . . . . . . . . .

1
2
3

4
5

6

Enter your distributions from traditional, SEP, and SIMPLE IRAs in 2019. Do
not include rollovers (other than repayments of qualified disaster distributions,
if any (see instructions)), 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 . . . . . . . . .
8
9
9
Add lines 6, 7, and 8 . . . . . . . . . . .
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” . . . . . . . . .
10
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
12
Multiply line 7 by line 10. This is the nontaxable portion of your distributions
that you did not convert to a Roth IRA . . . . . . . . . . . . .
12
13
Add lines 11 and 12. This is the nontaxable portion of all your distributions . . . . . . . . .
14
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, if any (see instructions) .
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
59½ at the time of the distribution. See instructions.
8

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

Cat. No. 63966F

13
14
15a
15b
15c

Form 8606 (2019)

Page 2

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
17

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
. . . . . . . . . . . . .
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. If more than zero, also include this amount on 2019
Form 1040 or 1040-SR, line 4b; or 2019 Form 1040-NR, line 16b . . . . . . . . . . . .

16

DRAFT AS OF
August 28, 2019
DO NOT FILE
18

Part III

17
18

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, if any (see instructions)), qualified charitable
distribution, one-time distribution to fund an HSA, recharacterization, or return of certain contributions (see instructions).

19

Enter your total nonqualified distributions from Roth IRAs in 2019, including any qualified first-time
homebuyer distributions, and any qualified disaster distributions, if any (see instructions) . . . . .
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 . . . . . . . . . .
21
Subtract line 20 from line 19. If zero or less, enter -0- . . . . . . . . . . . . . . . .
22
Enter your basis in Roth IRA contributions (see instructions). If line 21 is zero, stop here . . . . .
23
Subtract line 22 from line 21. If zero or less, enter -0- and skip lines 24 and 25. If more than zero, you
may be subject to an additional tax (see instructions) . . . . . . . . . . . . . . . .
24
Enter your basis in conversions from traditional, SEP, and SIMPLE IRAs and rollovers from qualified
retirement plans to a Roth IRA. See instructions . . . . . . . . . . . . . . . . . .
25a Subtract line 24 from line 23. If zero or less, enter -0- and skip lines 25b and 25c . . . . . . .
b Enter the amount on line 25a attributable to qualified disaster distributions, if any (see instructions) .
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. . . . . . . . . . . . .

▲

Paid
Preparer
Use Only

20
21
22

23

24
25a
25b
25c

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.

▲

Sign Here Only if You
Are Filing This Form
by Itself and Not With
Your Tax Return

19

Your signature

Print/Type preparer’s name

Preparer’s signature

Date

Date
Check
if PTIN
self-employed

Firm’s name

▶

Firm’s EIN

Firm’s address

▶

Phone no.

▶

Form 8606 (2019)