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Deleted Caution on expired

MAGI / filing status limits for

Roth IRA conversions.

Note. If you checked the box on line

later of January 1, 2011, or 30 days

recharacterized. See item 4 under

after the recharacterization. See Pub.

Reporting recharacterizations starting

19, you must also check the box on line

590 for details.

on page 3 for details.

24 for a rollover to a Roth IRA.

For this purpose, a qualified

Line 16

If the taxpayer died during 2010 after

retirement plan includes a: qualified

making a rollover, the taxable amount

If you did not complete line 8, see the

employer plan (such as a 401(k) plan);

of the rollover may not be spread over

instructions for that line. Then, enter on

qualified employee annuity;

2 years (2011 and 2012). The tax

line 16 the amount you would have

tax-sheltered annuity (403(b) plan); and

return of the deceased taxpayer must

entered on line 8 had you completed it.

an eligible state or local government

show (a) the entire taxable amount in

Line 17

section 457(b) plan. An IRA is not

2010, or (b) in the case of a rollover to

included for this purpose.

a Roth IRA, a recharacterization (see

•

If you did not complete line 11, enter on

You made an in-plan Roth rollover

page 3) of the rollover.

line 17 the amount from line 2 (or the

after September 27, 2010, and before

Exception for surviving spouse. A

amount you would have entered on line

January 1, 2011. An in-plan Roth

surviving spouse who is the sole

2 if you had completed that line) plus

rollover is an amount from your 401(k)

beneficiary of his or her spouse’s Roth

any contributions included on line 1 that

or 403(b) plan rolled over to a

IRA or designated Roth account may

you made before the conversion.

designated Roth account within the

elect to treat the taxable amount in the

Line 19

same plan.

same way as the deceased taxpayer.

This election cannot be made or

If you have both a rollover to a

You can include the entire taxable

changed after the due date (including

Roth IRA and an in-plan Roth

amount on line 18 in your income for

2010 or spread it over 2 years (2011

extensions) for the spouse’s tax return

rollover as described above, yo

CAUTION

which includes the date of death.

must co

mplete and file a separate For

and 2012). If you elect to include the

entire amount in income for 2010,

8606, P

art III, to report each type of

Part IV—Distributions

rollover.

complete line 19. Otherwise, skip line

From Roth IRAs (and

19 and complete lines 20a and 20b.

Line 21

Any amount on line 20a must be

Certain Distributions

included in your income for 2011 and

Rollovers to a Roth IRA. Enter on

any amount on line 20b must be

from Designated Roth

line 21 the net amount you rolled over

included in your income for 2012.

from qualified retirement plans to a

Accounts)

You cannot change your treatment

Roth IRA in 2010. To figure the net

of the conversion after the due date

amount, subtract from the total amount

Complete Part IV, if one or both of the

(including extensions) for your tax

rolled over in 2010 any portion that you

following apply.

return.

•

recharacterized to a traditional IRA in

You need to figure the taxable part, if

Note. If you check the box on line 19,

2010 or 2011 (see Recharacterizations

any, of 2010 distributions from your

that begins on page 3). Do not take into

you must also check the box on line 24

Roth IRA.

•

account related earnings that were

for a rollover to a Roth IRA.

Your took a distribution in 2010 from

transferred with the recharacterized

your designated Roth account allocable

If the taxpayer died during 2010 after

amount or any loss that occurred while

to an in-plan Roth rollover. Go to

making a conversion, the taxable

the amount was in the Roth IRA. See

Certain Distributions From Designated

amount of the conversion may not be

item 4 under Reporting

Roth Accounts on page 8, to see if you

spread over 2 years (2011 and 2012).

recharacterizations that begins on page

need to complete the Designated Roth

The tax return of the deceased

3 for details.

taxpayer must show (a) the entire

Account Income Acceleration

In-plan Roth rollovers. Enter on line

taxable amount in 2010, or (b) a

Worksheet on page 8. Do not complete

lines 26 through 35 of Form 8606.

21 the amount of your in-plan Roth

recharacterization (see page 3) of the

Accelerated income inclusion. If, in

rollovers. This should be the amount in

conversion.

box 1 of Form 1099-R. Unlike

Exception for surviving spouse. A

2010, you converted amounts from

conversions or rollovers to Roth IRAs,

traditional, SEP, or SIMPLE IRAs to

surviving spouse who is the sole

you cannot recharacterize any amount

your Roth IRA, or you rolled over

beneficiary of his or her spouse’s Roth

of an in-plan Roth rollover.

amounts from a qualified retirement

IRA may elect to treat the taxable

plan to a Roth IRA, you are allowed to

amount in the same way as the

Line 22

include the taxable amount in income in

deceased taxpayer. This election

Enter on line 22 any contributions that

equal amounts in 2011 and 2012.

cannot be made or changed after the

were taxable to you when made. This

However, if you received distributions of

due date (including extensions) for the

amount is your investment or basis in

conversion or rollover amounts in 2010,

spouse’s tax return which includes the

the contract (after-tax contributions).

you may be required to include a

date of death.

This amount is usually shown in box 5

portion of the distribution allocable to

Part III—2010 Rollovers

of Form 1099-R.

the conversion or rollover in income in

2010.

From Qualified

Line 24

Line 26

Retirement Plans to Rot

You can include the entire taxable

Certain qualified distributions (other

amount on line 23 in your income for

IRAs and In-plan

2010 or spread it over 2 years (2011

than qualified first-time homebuyer

Rollovers to Designated

distributions). Enter your qualified

and 2012). If you elect to include the

entire amount in income for 2010,

distributions on line 26 only if you

Roth Accounts

complete line 24. Otherwise, skip line

entered amounts on lines 20a and 20b

24 and complete lines 25a and 25b.

or 25a and 25b (not including in-plan

Complete Part III if you rolled over an

Any amount on line 25a must be

Roth rollovers on lines 25a and 25b).

amount described below. If both of the

included in your income for 2011 and

Then complete Form 8606 through line

following apply, you must complete an

any amount on line 25b must be

33, then enter the amount on line 33 on

file a separate Form 8606, Part III, to

included in your income for 2012.

line 36.

report each type of rollover.

•

You rolled over part or all of your

You cannot change your treatment

Do not include on line 26 any of the

qualified retirement plans (other than

of the rollover after the due date

following.

•

designated Roth accounts) to a Roth

(including extensions) for your tax

Distributions that you rolled over,

IRA in 2010, excluding any portion you

return.

including distributions made in 2010

-7-

Instructions for Form 8606 (2010)

Move to page 8 above Line 27

Description Of Major Changes And Instructions For Form 8606 - Nondeductible Iras - 2010 Page 9

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