Instructions For Form 8606 - Nondeductible Iras - 2005 Page 8
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9Basis in Regular Roth IRA Contributions — Line 22
attach a statement similar to the one
explained in the next to last item
IF the most recent year
THEN enter on Form
PLUS the total of all your
under Line 7 that begins on page 6.
prior to 2005 in which
8606, line 22, this
regular contributions** to
you took a Roth IRA
amount...
Roth IRAs for...
Line 23
distribution* was...
Generally, there is an additional 10%
2004
The excess of your 2004
2005
tax on 2005 distributions from a Roth
(you had an amount on
Form 8606, line 22, over
IRA that are shown on line 23. The
your Form 8606, line 19)
line 19 of that Form 8606.
additional tax is figured on Form
5329, Part I. See the instructions for
2003
The excess of your 2003
2004 and 2005
Form 5329, line 1, for details and
(you had an amount on
Form 8606, line 20, over
exceptions.
your 2003 Form 8606, line
line 19 of that Form 8606.
19)
Note. The additional 10% tax does
2002
The excess of your 2002
2003 through 2005
not apply to any qualified hurricane
(you had an amount on
Form 8606, line 20, over
distributions. See Form 8915 for more
your 2002 Form 8606, line
line 19 of that Form 8606.
details.
19)
Line 24
2001
The excess of your 2001
2002 through 2005
(you had an amount on
Form 8606, line 20, over
Figure the amount to enter on line 24
your 2001 Form 8606, line
line 19 of that Form 8606.
as follows.
19)
•
If you have never made a Roth IRA
conversion, enter -0- on line 24.
2000
The excess of your 2000
2001 through 2005
•
(you had an amount on
Form 8606, line 18d, over
If you took a Roth IRA distribution
your 2000 Form 8606,
line 17 of that Form 8606
(other than an amount rolled over or
line 17)
recharacterized or a returned
contribution) before 2005 in excess of
1999
The excess of your 1999
2000 through 2005
your basis in regular Roth IRA
(you had an amount on
Form 8606, line 18d, over
contributions, use the chart on page 9
your 1999 Form 8606,
line 17 of that Form 8606
to figure the amount to enter on line
line 17)
24.
1998
The excess of your 1998
1999 through 2005
•
If you did not take such a
(you had an amount on
Form 8606, line 19c, over
distribution before 2005, enter on line
your 1998 Form 8606,
line 18 of that Form 8606
24 the total of all your conversions to
line 18)
Roth IRAs (other than amounts
Did not take a Roth IRA
$0
1998 through 2005
recharacterized). These amounts are
distribution* prior to 2005
shown on line 14c of your 1998,
1999, and 2000 Forms 8606 and line
*Excluding rollovers, recharacterizations, and contributions that you had returned to
16 of your 2001 through 2005 Forms
you.
8606.
•
**Excluding rollovers, conversions, Roth IRA contributions that were recharacterized,
Increase or decrease the amount
and any contributions that you had returned to you.
on line 24 by any basis transferred or
received incident to divorce. Also
attach a statement similar to the one
1040, line 15a; Form 1040A, line 11a;
an amount rolled over or
explained in the next to last item
or Form 1040NR, line 16a.
recharacterized or a returned
under Line 7 that begins on page 7.
contribution), enter on line 22 the total
Line 20
of all your regular contributions to
Line 25b
If you had a qualified first-time
Roth IRAs for 1998 through 2005
If all your distributions are qualified
homebuyer distribution from your
(excluding rollovers and any
hurricane distributions, enter the
Roth IRA and you made a
contributions that you had returned to
amount from line 25a on line 25b. If
contribution (including a conversion)
you), adjusted for any
you have distributions unrelated to
to a Roth IRA for 1998, 1999, or
recharacterizations.
•
Hurricanes Katrina, Rita, and Wilma,
2000, enter the amount of your
If you did take such a distribution
as well as qualified hurricane
qualified expenses on line 20, but do
before 2005, use the chart on this
distributions, you will need to multiply
not enter more than $10,000.
page to figure the amount to enter.
•
the amount on line 25a by a fraction.
Increase or decrease the amount
Line 22
The numerator of the fraction is your
on line 22 by any basis transferred or
Figure the amount to enter on line 22
total qualified hurricane distributions
received incident to divorce. Also
as follows.
and the denominator is the amount
•
If you did not take a Roth IRA
from Form 8606, line 21. See the
distribution before 2005 (other than
example on page 9.
-8-
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