Form 8606 - Nondeductible Iras - 1999 Page 2
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Form 8606 (1999)
Page
Part III
Distributions From Roth IRAs
There is a worksheet on page 6 of the instructions to help you keep track of your contributions, distributions, and
year-end balances in your Roth IRA. You may need these amounts in future years.
17
17
Enter the total Roth IRA distributions (withdrawals) you received in 1999. Do not include rollovers
18
a
Enter your basis in your Roth IRA contributions for 1998. See page 6 of
18a
the instructions
b
Enter your Roth IRA contributions for 1999, including those made for 1999
from January 1, 2000, through April 17, 2000. Do not include rollovers or
18b
amounts converted from traditional IRAs
c
Recharacterizations of 1999 contributions to or from Roth IRAs. See
18c
page 6 of the instructions
18d
d Combine lines 18a through 18c
19
19
Subtract line 18d from line 17. If zero or less, enter -0- and do not complete the rest of Part III
Note: If you converted amounts from traditional IRAs to Roth IRAs in 1998 and elected to report the
taxable income over 4 years, go to line 20a; otherwise, skip to line 21.
20a Subtract the amount from your 1998 Form 8606, line 17, from the amount
20a
on line 16 of that form and enter the result
b Enter the amount, if any, from your 1998
20b
Form 8606, line 22
c Enter the 1999 taxable portion of your 1998
Roth IRA conversion. See page 7 of the
instructions. Be sure to include this amount
20c
on line 27
20d
d
Add lines 20b and 20c
20e
e
Subtract line 20d from line 20a. If zero or less, enter -0-
21
21
Enter the smaller of line 19 or line 20e. If line 20e is blank, enter -0-
22
22
Subtract line 21 from line 19. If zero, skip lines 23 through 26 and go to line 27
23
Enter your basis in your Roth IRA conversions for 1998. See page 7 of
23
the instructions
24
24
Enter the amount, if any, from line 14c of this form
25
25
Add lines 23 and 24
26
26
Subtract line 25 from line 19. If zero or less, enter -0-
27
Taxable amount. Add lines 20c, 21, and 26. Enter the total here and include this amount in the total
27
on Form 1040, line 15b; Form 1040A, line 10b; or Form 1040NR, line 16b
Note: You may be subject to an additional 10% tax. See page 7 of the instructions for details.
Part IV
Distributions From Education (Ed) IRAs
Caution: For 1999, a beneficiary can receive total contributions to Ed IRAs of up to $500. See page 7 of the instructions if
contributions exceeded $500.
28
28
Enter the total Ed IRA distributions (withdrawals) you received in 1999. Do not include rollovers
29
Do you elect to waive the exclusion from income for Ed IRA distributions? If you check “No” and
exclude from income any portion of an Ed IRA distribution, no Hope or lifetime learning credit will be
allowed for your 1999 qualified tuition and related expenses.
29
Yes. Enter -0-.
No.
Enter your qualified higher education expenses for 1999.
30
Taxable amount. Is line 28 equal to or less than line 29?
Yes. Enter -0-; none of your Ed IRA distributions are taxable for 1999. But you should
complete the worksheet on page 7 of the instructions to figure your basis in your
Ed IRAs. You may need to know your basis in future years.
30
No.
See the worksheet on page 7 of the instructions for the amount to enter. Also include
this amount in the total on Form 1040, line 15b; Form 1040A, line 10b; or Form
1040NR, line 16b.
Note: If you have a taxable amount on line 30, you may be subject to an additional 10% tax. See
page 8 of the instructions for details, including exceptions to the additional tax.
Under penalties of perjury, I declare that I have examined this form, including accompanying attachments, and to the best of my
Sign Here Only if You
knowledge and belief, it is true, correct, and complete.
Are Filing This Form
by Itself and Not With
Your Tax Return
Your signature
Date
8606
Form
(1999)
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