Instructions For Form 8606 - Nondeductible Iras - 2007 Page 7
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8Basis in Regular Roth IRA Contributions — Line 22
line 20, but do not enter more than
$10,000.
IF the most recent year
THEN enter on Form 8606, PLUS the total of all your
prior to 2007 in which you
line 22, this amount...
regular contributions** to
Line 22
took a Roth IRA
Roth IRAs for...
Figure the amount to enter on line 22
distribution* was...
as follows.
•
2006
The excess of your 2006
2007
If you did not take a Roth IRA
(you had an amount on your Form 8606, line 22, over line
distribution before 2007 (other than an
2006 Form 8606, line 19)
19 of that Form 8606.
amount rolled over or recharacterized
or a returned contribution), enter on line
2005
The excess of your 2005
2006 and 2007
22 the total of all your regular
(you had an amount on your Form 8606, line 22, over line
contributions to Roth IRAs for 1998
2005 Form 8606, line 19)
19 of that Form 8606.
through 2007 (excluding rollovers from
2004
The excess of your 2004
2005 through 2007
other Roth IRAs and any contributions
(you had an amount on your Form 8606, line 22, over line
that you had returned to you), adjusted
2004 Form 8606, line 19)
19 of that Form 8606.
for any recharacterizations.
•
If you did take such a distribution
2003
The excess of your 2003
2004 through 2007
before 2007, use the chart on this page
(you had an amount on your Form 8606, line 20, over line
to figure the amount to enter.
2003 Form 8606, line 19)
19 of that Form 8606.
•
Increase the amount on line 22 by
2002
The excess of your 2002
2003 through 2007
any amount rolled in from a designated
(you had an amount on your Form 8606, line 20, over line
Roth account that is treated as
2002 Form 8606, line 19)
19 of that Form 8606.
investment in the contract.
•
2001
The excess of your 2001
2002 through 2007
Increase or decrease the amount on
(you had an amount on your Form 8606, line 20, over line
line 22 by any basis transferred or
2001 Form 8606, line 19)
19 of that Form 8606.
received incident to divorce. Also attach
a statement similar to the one
2000
The excess of your 2000
2001 through 2007
explained in the last bulleted item under
(you had an amount on your
Form 8606, line 18d, over
Line 7 on page 6.
2000 Form 8606, line 17)
line 17 of that Form 8606.
1999
The excess of your 1999
2000 through 2007
Line 23
(you had an amount on your
Form 8606, line 18d, over
Generally, there is an additional 10%
1999 Form 8606, line 17)
line 17 of that Form 8606.
tax on 2007 distributions from a Roth
1998
The excess of your 1998
1999 through 2007
IRA that are shown on line 23. The
(you had an amount on your
Form 8606, line 19c, over
additional tax is figured on Form 5329,
1998 Form 8606, line 18)
line 18 of that Form 8606.
Part I. See the instructions for Form
5329, line 1, for details and exceptions.
Did not take a Roth IRA
$0
1998 through 2007
distribution* prior to 2007
Line 24
*Excluding rollovers, recharacterizations, and contributions that you had returned to you.
Figure the amount to enter on line 24
as follows.
**Excluding rollovers, conversions, Roth IRA contributions that were recharacterized, and
•
If you have never made a Roth IRA
any contributions that you had returned to you.
conversion, enter -0- on line 24.
•
If you took a Roth IRA distribution
•
Recharacterizations.
your Roth IRA to your spouse under a
(other than an amount rolled over or
•
Distributions that are a return of
divorce or separation agreement is not
recharacterized or a returned
contributions under Return of IRA
taxable to you or your spouse.
contribution) before 2007 in excess of
Contributions on page 4.
your basis in regular Roth IRA
•
If, after considering the items above,
Distributions made on or after age
contributions, use the chart on page 8
59
/
if you made a contribution
you do not have an amount to enter on
1
2
to figure the amount to enter on line 24.
(including a conversion) for 2002 or an
line 19, do not complete Part III; your
•
If you did not take such a distribution
earlier year.
Roth IRA distribution(s) is not taxable.
•
before 2007, enter on line 24 the total
A one-time distribution to fund an
Instead, include your total Roth IRA
of all your conversions to Roth IRAs
HSA. For details, see Pub. 969.
distribution(s) on Form 1040, line 15a;
•
(other than amounts recharacterized).
Qualified charitable distributions. For
Form 1040A, line 11a; or Form
These amounts are shown on line 14c
details, see the instructions for Form
1040NR, line 16a.
of your 1998, 1999, and 2000 Forms
1040, lines 15a and 15b; Form 1040A,
8606 and line 16 of your 2001 through
lines 11a and 11b; or Form 1040NR,
Line 20
2007 Forms 8606.
lines 16a and 16b.
•
•
Increase or decrease the amount on
If you had a qualified first-time
Distributions made upon death or
line 24 by any basis transferred or
homebuyer distribution from your Roth
due to disability if you made a
received incident to divorce. Also attach
IRA and you made a contribution
contribution (including a conversion) for
a statement similar to the one
(including a conversion) to a Roth IRA
2002 or an earlier year.
•
explained in the last bulleted item under
for 2002 or an earlier year, enter the
Distributions that are incident to
Line 7 on page 6.
divorce. The transfer of part or all of
amount of your qualified expenses on
-7-
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