Instructions For Form 8930 - 2010 Page 2

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However, see Exceptions, below, for
need to file an amended tax return to
eligible retirement plan that is permitted to
qualified disaster recovery assistance
refigure your taxable income.
accept rollover contributions. You cannot,
distributions you cannot repay.
however, repay more than the amount of
If you make a repayment by the due
the original distribution. See Repayment
date of your original return (including
You have 3 years from the day after
of a Qualified Disaster Recovery
extensions), include the repayment on
the date you received the distribution to
Assistance Distribution beginning on page
your amended 2010 Form 8930.
make a repayment. The amount of your
1 for details.
repayment cannot be more than the
If you make a repayment after the due
Enter on line 7 the amount of any
amount of the original distribution.
date of your original return (including
repayments you made before filing your
Amounts that are repaid are treated as a
extensions), include the repayment on
2010 return. Do not include any
qualified rollover and are not included in
your 2011 Form 8930. However, you can
repayments made later than the due date
income. Also, for purposes of the
file an amended Form 8930 for 2008,
(including extensions) for that return. If
one-rollover-per-year limitation for IRAs, a
2009, or 2010 if either of the following
you repaid more than the amount on line
repayment of a qualified disaster recovery
applies.
3 (including any excess repayments from
assistance distribution to an IRA is not
You elected to include all of your
2009 on line 6), the excess will be carried
considered a qualified rollover.
qualified disaster recovery assistance
forward to your 2011 tax return.
distributions in income (instead of over 3
Note. If a taxpayer who had previously
Repayments made after the due date of
years) on your original return.
received a qualified disaster recovery
your 2010 return (including extensions)
The amount of the repayment exceeds
assistance distribution died in 2010, the
generally will be reported on your 2011
the amount of your qualified disaster
distribution may no longer be spread over
tax return. However, you may have to file
recovery assistance distributions that are
3 years. The remainder of the distribution
an amended return in certain situations.
included in income for 2011 and you
must be reported on the return of the
See Amending Form 8930 on this page.
choose to carry the excess back to your
deceased taxpayer.
2008, 2009, or 2010 tax return. See the
Do not include on line 7
Include on Form 8930 any repayments
example below.
!
repayments of qualified disaster
you make before filing your 2010 return.
recovery assistance distributions
Example. You received a qualified
CAUTION
Any repayments you make will reduce the
made after 2009 that were included on
disaster recovery assistance distribution
amount of qualified disaster recovery
your 2009 Form 8930.
in the amount of $90,000 on June 15,
assistance distributions reported on your
2009. You choose to spread the $90,000
Example. You received a $90,000
return for 2010. Do not include on your
over 3 years ($30,000 in income for 2009,
qualified disaster recovery assistance
2010 Form 8930 any repayments you
2010, and 2011). On November 19, 2010,
distribution on June 9, 2009, from your
make later than the due date (including
you make a repayment of $45,000. For
401(k) plan because of the severe storms
extensions) for filing your 2010 return. If
2010, none of the qualified disaster
in the Midwestern disaster areas. On April
you make a repayment in 2011 after you
recovery assistance distribution is
1, 2011, you repay $30,000 to an IRA.
file your 2010 return, the repayment will
included in income. The excess
You file your return on April 10, 2011.
reduce the amount of your qualified
repayment of $15,000 ($45,000 -
Since the repayment was made before
disaster recovery assistance distributions
$30,000) could have been carried back to
you filed your return, and not later than
included in income on your 2011 return,
2009 or you could have chosen to carry it
the due date (including extensions), you
unless you are eligible to amend your
forward to 2011.
would enter the $30,000 repayment on
2008, 2009, or 2010 return. See
line 7.
File Form 1040X, Amended U.S.
Amending Form 8930 below. Also, any
Individual Income Tax Return, to amend a
excess repayments you make for 2010
Part II—Qualified Disaster
return you have already filed. Generally,
will be carried forward to your 2011 return
Form 1040X must be filed within 3 years
or, if you choose, carried back to your
Recovery Assistance
after the date the original return was filed,
2008 or 2009 return if applicable.
Distributions From
or within 2 years after the date the tax
Also file Form 8606, Nondeductible
was paid, whichever is later.
Traditional, SEP, SIMPLE,
IRAs, to report any repayment of a
nondeductible contribution to a traditional
and Roth IRAs
IRA on line 1 of Form 8606. If you make a
Specific Instructions
repayment of a previously deductible
Complete Part II if any of the following
apply.
contribution to a traditional IRA, do not file
Name and social security number
Form 8606 solely because of such
You had an amount on your 2008 Form
(SSN). If you file a joint return, enter only
repayment. If you make a repayment to a
8930, line 17, and you did not check the
the name and SSN of the spouse whose
box on that line.
Roth IRA, see Pub. 590 to figure your
information is being reported on Form
You had an amount on your 2009 Form
basis.
8930. If both you and your spouse are
8930, line 26, and you did not check the
Exceptions. You cannot repay the
required to file Form 8930, file a separate
box on that line.
following types of distributions.
Form 8930 for each of you.
You made a repayment of a qualified
1. Qualified disaster recovery
disaster recovery assistance distribution.
Part I—Qualified Disaster
assistance distributions received as a
Line 16
beneficiary (other than a surviving
Recovery Assistance
spouse).
At any time during the 3-year period after
Distributions From
2. Required minimum distributions.
the date you received a qualified disaster
3. Periodic payments (other than from
recovery assistance distribution, you can
Retirement Plans (other
an IRA) that are for:
repay any portion of the distribution to an
than IRAs)
a. A period of 10 years or more,
eligible retirement plan that is permitted to
b. Your life or life expectancy, or
accept rollover contributions. You cannot,
Complete Part I if any of the following
c. The joint lives or life expectancies
however, repay more than the amount of
apply.
of you and your beneficiary.
the original distribution. See Repayment
You had an amount on your 2008 Form
of a Qualified Disaster Recovery
8930, line 9, and you did not check the
Note. If you included repayments on
Assistance Distribution beginning on page
box on that line.
your 2008 or 2009 Form 8930, do not
1 for details.
You had an amount on your 2009 Form
include those repayments on your 2010
Enter on line 16 the amount of any
8930, line 11, and you did not check the
Form 8930.
repayments you made before filing your
box on that line.
2010 return. Do not include any
You made a repayment of a qualified
Amending Form 8930
repayments made later than the due date
disaster recovery assistance distribution.
If, after filing your original return, you
(including extensions) for that return. If
Line 7
make a repayment, the repayment may
you repaid more than the amount on line
reduce the amount of your qualified
At any time during the 3-year period after
12 (including any excess repayments
disaster recovery assistance distributions
the date you received a qualified disaster
from 2009 on line 15), the excess will be
reported on that return. Depending on
recovery assistance distribution, you can
carried forward to your 2011 tax return.
when a repayment is made, you may
repay any portion of the distribution to an
Repayments made after the due date of
-2-
Instructions for Form 8930 (2010)

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