8606 Nondeductible IRAs

Version A, Cycle 2

8606

Nondeductible IRAs

Department of the Treasury
Internal Revenue Service

Go to www.irs.gov/Form8606 for instructions and the latest information.
Attach to 2022 Form 1040, 1040-SR, or 1040-NR.

Form

OMB No. 1545-0074

Your social security number

Name. If married, file a separate form for each spouse required to file 2022 Form 8606. See instructions.

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

Part I

2022

Attachment
Sequence No. 48

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 2022.
• You took distributions from a traditional, SEP, or SIMPLE IRA in 2022 and you made nondeductible contributions to a
traditional IRA in 2022 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, from 2022 Form(s) 8915-F (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 2022 and you made
nondeductible contributions to a traditional IRA in 2022 or an earlier year.

1
2
3

4
5
6

Enter your nondeductible contributions to traditional IRAs for 2022, including those made for 2022
from January 1, 2023, through April 18, 2023. 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 2022, 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, 2023, through April 18, 2023
Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . .

1
2
3

INTERNAL USE ONLY
DRAFT AS OF
August 17, 2022
Enter the value of all your traditional, SEP, and SIMPLE IRAs as of December 31,
2022, plus any outstanding rollovers. Subtract certain repayments of qualified
disaster distributions, if any, from 2022 Form(s) 8915-F (see instructions) . .

4
5

6

Enter your distributions from traditional, SEP, and SIMPLE IRAs in 2022. Do
not include rollovers (other than repayments of qualified disaster distributions,
if any, from 2022 Form(s) 8915-F (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

8
9
10
11
12
13
14
15a

7
Enter the net amount you converted from traditional, SEP, and SIMPLE IRAs to
Roth IRAs in 2022. Also, enter this amount on line 16 . . . . . . . . .
8
Add lines 6, 7, and 8 . . . . . . . . . . . . 9
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
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 . . . . . . . . . . . . .
12
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 2022 and earlier years .
Subtract line 12 from line 7 . . . . . . . . . . . . . . . . . . . . . . . . .

b Enter the amount on line 15a attributable to qualified disaster distributions, if any, from 2022 Form(s)
8915-F (see instructions). Also, enter this amount on 2022 Form(s) 8915-F, line 18, as applicable (see
instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Taxable amount. Subtract line 15b from line 15a. If more than zero, also include this amount on 2022
Form 1040, 1040-SR, or 1040-NR, line 4b . . . . . . . . . . . . . . . . . . . .
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.
For Privacy Act and Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 63966F

13
14
15a

15b
15c

Form 8606 (2022)

Version A, Cycle 2
Page 2

Form 8606 (2022)

Part II

2022 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 2022.

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 2022
. . . . . . . . . . . . .
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 2022
Form 1040, 1040-SR, or 1040-NR, line 4b . . . . . . . . . . . . . . . . . . . .

17
18

Part III

16
17
18

Distributions From Roth IRAs
Complete this part only if you took a distribution from a Roth IRA in 2022. For this purpose, a distribution does not include
a rollover (other than a repayment of a qualified disaster distribution (from 2022 Form(s) 8915-F (see instructions)),
qualified charitable distribution, one-time distribution to fund an HSA, recharacterization, or return of certain contributions
(see instructions).

19

20
21
22
23
24
25a

Enter your total nonqualified distributions from Roth IRAs in 2022, including any qualified first-time
homebuyer distributions, and any qualified disaster distributions from 2022 Form(s) 8915-F (see
instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 . . . . . . . . . .
Subtract line 20 from line 19. If zero or less, enter -0- . . . . . . . . . . . . . . . .
Enter your basis in Roth IRA contributions (see instructions). If line 21 is zero, stop here . . . . .
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) . . . . . . . . . . . . . . . .
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 skip lines 25b and 25c . . . . . . .

19
20
21
22
23

INTERNAL USE ONLY
DRAFT AS OF
August 17, 2022

b Enter the amount on line 25a attributable to qualified disaster distributions, if any, from 2022 Form(s)
8915-F (see instructions). Also, enter this amount on 2022 Form(s) 8915-F, line 19, as applicable (see
instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Taxable amount. Subtract line 25b from line 25a. If more than zero, also include this amount on 2022
Form 1040, 1040-SR, or 1040-NR, line 4b . . . . . . . . . . . . . . . . . . . .
Sign Here Only if You
Are Filing This Form
by Itself and Not With
Your Tax Return

Paid
Preparer
Use Only

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.

Your signature

Print/Type preparer’s name

Date

Preparer’s signature

Date

Check
if PTIN
self-employed

Firm’s name

Firm’s EIN

Firm’s address

Phone no.
Form 8606 (2022)