Instructions For Form 8606 - Nondeductible Iras - 2007 Page 8
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8Basis in Roth IRA Conversions — Line 24
Privacy Act and Paperwork
Reduction Act Notice. We ask for the
IF the most recent year
THEN enter on Form 8606, line
PLUS the sum of the
information on this form to carry out the
prior to 2007 in which you 24, this amount...
amounts on the
Internal Revenue laws of the United
had a distribution* in
following lines...
States. We need this information to
excess of your basis in
ensure that you are complying with
contributions was...
these laws and to allow us to figure and
collect the right amount of tax. You are
2006
The excess, if any, of your 2006
Line 16 of your 2007
required to give us this information if
(your 2006 Form 8606, line
Form 8606, line 24, over line 23**
Form 8606
you made certain contributions or
22, was less than line 19 of
of that Form 8606.
that Form 8606)
received certain distributions from
qualified plans, including IRAs, and
2005
other tax-favored accounts. Our legal
The excess, if any, of your 2005
Line 16 of your 2006
(your 2005 Form 8606, line
right to ask for the information
Form 8606, line 24, over line 23**
and 2007 Forms 8606
22, was less than line 19 of
requested on this form is sections
of that Form 8606.
that Form 8606)
6001, 6011, 6012(a), and 6109 and
their regulations. The reason we need
2004
The excess, if any, of your 2004
Line 16 of your 2005
your social security number is to secure
(your 2004 Form 8606, line
Form 8606, line 24, over line 23**
through 2007 Forms
22, was less than line 19 of
proper identification in order to gain
of that Form 8606.
8606
that Form 8606)
access to the tax information in our files
to properly process the form.
2003
The excess, if any, of your 2003
Line 16 of your 2004
You are not required to provide the
(you had an amount on your Form 8606, line 22, over line 21 of
through 2007 Forms
information requested on a form that is
2003 Form 8606, line 21)
that Form 8606.
8606
subject to the Paperwork Reduction Act
2002
The excess, if any, of your 2002
Line 16 of your 2003
unless the form displays a valid OMB
(you had an amount on your
Form 8606, line 22, over
through 2007
control number. Books or records
2002 Form 8606, line 21)
line 21 of that Form 8606.
Forms 8606
relating to a form or its instructions
must be retained as long as their
2001
The excess, if any, of your 2001
Line 16 of your 2002
contents may become material in the
(you had an amount on your
Form 8606, line 22, over
through 2007
administration of any Internal Revenue
2001 Form 8606, line 21)
line 21 of that Form 8606.
Forms 8606
law. Generally, tax returns and return
2000
The excess, if any, of your 2000
Line 16 of your 2001
information are confidential, as required
(you had an amount on your
Form 8606, line 25, over
through 2007 Forms
by section 6103. However, we may give
2000 Form 8606, line 19)
line 19 of that Form 8606.
8606
the information to the Department of
Justice for civil and criminal litigation,
Line 14c of your 2000
and to cities, states, and the District of
1999
The excess, if any, of your 1999
Form 8606 and line 16
Columbia to carry out their tax laws. We
(you had an amount on your
Form 8606, line 25, over
of your 2001 through
may also disclose this information to
1999 Form 8606, line 19)
line 19 of that Form 8606.
2007
other countries under a tax treaty, to
Forms 8606
federal and state agencies to enforce
Line 14c of your 1999
federal nontax criminal laws, or to
1998
The excess, if any, of your 1998
and 2000 Forms 8606
federal law enforcement and
(you had an amount on your
Form 8606, line 14c, over
and line 16 of your
intelligence agencies to combat
1998 Form 8606, line 20)
line 20 of that Form 8606.
2001 through 2007
terrorism.
Forms 8606
The average time and expenses
Line 14c of your 1998,
required to complete and file this form
Did not have such a
1999, and 2000 Forms
will vary depending on individual
The amount from your 2007 Form
distribution in excess of your
8606 and line 16 of
circumstances. For the estimated
8606, line 16.
basis in contributions
your 2001 through
averages, see the instructions for your
2006 Forms 8606
income tax return.
*Excluding rollovers, recharacterizations, and contributions that you had returned to you.
If you have suggestions for making
this form simpler, we would be happy to
**Refigure line 23 without taking into account any amount entered on Form 8606, line 20.
hear from you. See the instructions for
your income tax return.
-8-
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