Instructions For Form 8606 - Nondeductible Iras

Basis in Regular Roth IRA Contributions — Line 22

your Roth IRA to your spouse under a

divorce or separation agreement is not

IF the most recent year

THEN enter on Form 8606, PLUS the total of all your

taxable to you or your spouse.

prior to 2006 in which you

line 22, this amount...

regular contributions** to

Qualified hurricane distributions. Be

took a Roth IRA

Roth IRAs for...

sure to include on line 19, all qualified

distribution* was...

hurricane distributions you received,

even if they were later repaid.

2005

The excess of your 2005

2006

(you had an amount on your Form 8606, line 22, over line

If, after considering the items above,

Form 8606, line 19)

19 of that Form 8606.

you do not have an amount to enter on

line 19, do not complete Part III; your

2004

The excess of your 2004

2005 and 2006

Roth IRA distribution(s) is not taxable.

(you had an amount on your Form 8606, line 22, over line

Instead, include your total Roth IRA

Form 8606, line 19)

19 of that Form 8606.

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

2003

The excess of your 2003

2004 through 2006

Form 1040A, line 11a; or Form

(you had an amount on your Form 8606, line 20, over line

1040NR, line 16a.

2003 Form 8606, line 19)

19 of that Form 8606.

Line 20

2002

The excess of your 2002

2003 through 2006

(you had an amount on your Form 8606, line 20, over line

If you had a qualified first-time

2002 Form 8606, line 19)

19 of that Form 8606.

homebuyer distribution from your Roth

IRA and you made a contribution

2001

The excess of your 2001

2002 through 2006

(including a conversion) to a Roth IRA

(you had an amount on your Form 8606, line 20, over line

for 1998, 1999, 2000, or 2001, enter

2001 Form 8606, line 19)

19 of that Form 8606.

the amount of your qualified expenses

2000

The excess of your 2000

2001 through 2006

on line 20, but do not enter more than

(you had an amount on your

Form 8606, line 18d, over

$10,000.

2000 Form 8606,

line 17 of that Form 8606.

Line 22

line 17)

Figure the amount to enter on line 22

1999

The excess of your 1999

2000 through 2006

as follows.

(you had an amount on your

Form 8606, line 18d, over

•

If you did not take a Roth IRA

1999 Form 8606,

line 17 of that Form 8606.

distribution before 2006 (other than an

line 17)

amount rolled over or recharacterized

1998

The excess of your 1998

1999 through 2006

or a returned contribution), enter on line

(you had an amount on your

Form 8606, line 19c, over

22 the total of all your regular

1998 Form 8606,

line 18 of that Form 8606.

contributions to Roth IRAs for 1998

line 18)

through 2006 (excluding rollovers from

other Roth IRAs and any contributions

Did not take a Roth IRA

1998 through 2006

that you had returned to you), adjusted

distribution* prior to 2006

for any recharacterizations.

•

*Excluding rollovers, recharacterizations, and contributions that you had returned to you.

If you did take such a distribution

before 2006, use the chart on this page

**Excluding rollovers, conversions, Roth IRA contributions that were recharacterized, and

to figure the amount to enter.

any contributions that you had returned to you.

•

Increase the amount on line 22 by

any amount rolled in from a designated

with your spouse at any time in 2006. If

Line 19

Roth account that is treated as

you erroneously made a conversion,

investment in the contract.

Do not include on line 19 any of the

•

you must recharacterize the converted

Increase or decrease the amount on

following.

amount. See Recharacterizations that

line 22 by any basis transferred or

•

Distributions that you rolled over,

begins on page 3.

received incident to divorce. Also attach

including distributions made in 2006

a statement similar to the one

and rolled over after December 31,

Line 16

explained in the last bulleted item under

2006 (outstanding rollovers).

Line 7 on page 6.

•

If you did not complete line 8, see the

Recharacterizations.

instructions for that line. Then, enter on

•

Line 23

Distributions that are a return of

line 16 the amount you would have

contributions under Return of IRA

Generally, there is an additional 10%

entered on line 8 had you completed it.

Contributions on page 4.

tax on 2006 distributions from a Roth

•

Distributions made on or after age

IRA that are shown on line 23. The

Line 17

if you made a contribution

additional tax is figured on Form 5329,

If you did not complete line 11, enter on

(including a conversion) for 1998, 1999,

Part I. See the instructions for Form

line 17 the amount from line 2 (or the

2000, or 2001.

5329, line 1, for details and exceptions.

•

amount you would have entered on line

Qualified charitable distributions. For

2 if you had completed that line) plus

Line 24

details, see the instructions for Form

any contributions included on line 1 that

1040, lines 15a and 15b; Form 1040A,

Figure the amount to enter on line 24

you made before the conversion.

lines 11a and 11b; or Form 1040NR,

as follows.

•

lines 16a and 16b.

If you have never made a Roth IRA

•

Part III—Distributions

Distributions made upon death or

conversion, enter -0- on line 24.

•

due to disability if you made a

If you took a Roth IRA distribution

From Roth IRAs

contribution (including a conversion) for

(other than an amount rolled over or

1998, 1999, 2000, or 2001.

Complete Part III to figure the taxable

recharacterized or a returned

•

part, if any, of your 2006 Roth IRA

Distributions that are incident to

contribution) before 2006 in excess of

distributions.

divorce. The transfer of part or all of

your basis in regular Roth IRA

-7-

Instructions For Form 8606 - Nondeductible Iras - 2006 Page 7

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