Instructions For Form 8606 - Nondeductible Iras

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Qualified charitable distributions. For

Line 29

If you did not take such a distribution

details, see Pub. 590.

before 2010, enter on line 31 the total

Figure the amount to enter on line 29

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of all your conversions to Roth IRAs

Qualified charitable distributions you

as follows.

(other than amounts recharacterized).

made in January 2011, that you elect to

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If you did not take a Roth IRA

These amounts are shown on line 14c

treat as made in 2010. For details, see

distribution before 2010 (other than an

of your 1998, 1999, and 2000 Forms

Pub. 590.

amount rolled over or recharacterized

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8606, line 16 of your 2001 through

Distributions made upon death or

or a returned contribution), enter on line

2009 Forms 8606, and line16 of your

due to disability if you made a

29 the total of all your regular

2010 Form 8606 (only if you checked

contribution (including a conversion) for

contributions to Roth IRAs for 1998

the box on line 19). Also include on line

2005 or an earlier year. However, see

through 2010 (excluding rollovers from

31 any amounts rolled over from a

Certain qualified distributions (other

other Roth IRAs and any contributions

qualified retirement plan to a Roth IRA

than qualified first-time homebuyer

that you had returned to you), adjusted

for 2008 and 2009 reported on your

distributions) below.

for any recharacterizations.

Form 1040, 1040A, or Form 1040NR,

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Distributions that are incident to

If you did take such a distribution

and line 21 of your 2010 Form 8606

divorce. The transfer of part or all of

before 2010, use the chart on page 9 to

(only if you checked the box on line 24).

your Roth IRA to your spouse under a

figure the amount to enter.

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Increase or decrease the amount on

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divorce or separation agreement is not

Increase the amount on line 29 by

line 31 by any basis transferred or

taxable to you or your spouse.

any amount rolled in from a designated

received incident to divorce. Also attach

Roth account that is treated as

a statement similar to the one

If, after considering the items above,

investment in the contract. Do not

explained in the last bulleted item under

you do not have an amount to enter on

include any in-plan Roth rollovers

Line 7 on page 6.

line 26, do not complete Part IV; your

entered on lines 25a and 25b.

Roth IRA distribution(s) is not taxable.

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Line 33

Increase or decrease the amount on

Instead, include your total Roth IRA

line 29 by any basis transferred or

Enter on line 33, the smaller of line 32

distribution(s) on Form 1040, line 15a;

received incident to divorce. Also attach

or the total of lines 20a, 20b, 25a, and

Form 1040A, line 11a; or Form

a statement similar to the one

25b. If any amounts on lines 25a and

1040NR, line 16a.

explained in the last bulleted item under

25b are attributable to an in-plan Roth

Line 7 on page 6.

Certain qualified distributions (other

rollover, do not include those amounts

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Increase the amount on line 29 by

than qualified first-time homebuyer

on line 33, unless you rolled over

the amounts received as a military

distributions). Enter your qualified

amounts from your designated Roth

gratuity or SGLI payment that was

distributions on line 26 only if you

account to your Roth IRA after the

rolled over to your Roth IRA.

entered amounts on lines 20a and 20b

in-plan Roth rollover.

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Increase the amount on line 29 by

or 25a and 25b (not including in-plan

Certain Distributions From

any amount received as qualified

Roth rollovers on lines 25a and 25b).

settlement income in connection with

Designated Roth Accounts

Then complete Form 8606 through line

the Exxon Valdez litigation and rolled

33, then enter the amount on line 33 on

If you received a distribution from your

over to your Roth IRA.

line 36.

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designated Roth account after making

Increase the amount on line 29 by

an in-plan Roth rollover (reported on

any “airline payments” you received as

Line 27

Form 8606, Part III), you may have to

a result of your employment with an

include the part of the distribution

If you had a qualified first-time

airline that you rolled over to your Roth

homebuyer distribution from your Roth

allocable to the in-plan Roth rollover in

IRA.

income for 2010. See Accelerated

IRA and you made a contribution

Line 30

(including a conversion) to a Roth IRA

income inclusion below.

for 2005 or an earlier year, enter the

Exception. If you checked the box on

Generally, there is an additional 10%

amount of your qualified expenses on

line 24 and you are including the

tax on 2010 distributions from a Roth

line 27, but do not enter more than

in-plan Roth rollover in income in 2010,

IRA that are shown on line 30. The

$10,000. See the note below if you

do not complete the worksheet below.

additional tax is figured on Form 5329,

entered amounts on lines 20a and 20b

Part I. See the instructions for Form

Accelerated income inclusion. If,

or 25a and 25b (not including in-plan

5329, line 1, for details and exceptions.

after September 27, 2010, you make an

Roth rollovers on lines 25a and 25b).

in-plan Roth rollover, you are allowed to

Line 31

include the taxable amount in income in

Note. If you had qualified first-time

equal amounts in 2011 and 2012.

homebuyer expenses and also entered

Figure the amount to enter on line 31

However, if you received distributions of

amounts on lines 20a and 20b or 25a

as follows.

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any in-plan Roth rollover amounts, you

and 25b (not including in-plan Roth

If you have never made a Roth IRA

may be required to include a portion of

rollovers on lines 25a and 25b), enter

conversion or rolled over an amount

the distribution allocable to the in-plan

-0- on line 27. Complete Form 8606

from a qualified retirement plan to a

Roth rollover in income in 2010.

through line 34. If you have an amount

Roth IRA, enter -0- on line 31.

•

Complete the worksheet below only if

to enter on line 35, reduce this amount

If you took a Roth IRA distribution

you completed lines 25a and 25b of

by your qualified first-time homebuyer

(other than an amount rolled over or

Form 8606 for your in-plan Roth

expenses not entered on line 27, but

recharacterized or a returned

rollover. Do not include any amounts

not below zero. On the dotted line to

contribution) before 2010 in excess of

you rolled over to your Roth IRA.

the left of line 35, enter your qualified

your basis in regular Roth IRA

first-time homebuyer expenses. Then

Note. The amount of the distribution

contributions, use the chart on page 10

complete line 36.

to figure the amount to enter on line 31.

from your designated Roth account

Designated Roth Account Income Acceleration Worksheet

Keep for Your Records

1. Enter the amount from the box to the far left of box 10 from your 2010 Form 1099-R . . . . . . . . . . . . . . . . . . . 1.

2. Enter the total of lines 25a and 25b of Form 8606 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.

3. Taxable amount. Enter the smaller of line 1 or line 2. Also include this amount on Form 8606, line 36, and on

Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.

If you also have a taxable distribution from a Roth IRA reported on Form 8606, line 36, combine that amount with line 3 of this worksheet.

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Instructions for Form 8606 (2010)

Instructions For Form 8606 - Nondeductible Iras - 2010 Page 8

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