Instructions For Form 1040-A - U.s. Individual Income Tax Return - 2016 Page 26
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922017 Form 1040A—Lines 9b Through 11b
Example 1. You bought 5,000 shares of XYZ Corp. com-
Lines 11a and 11b
mon stock on July 8, 2017. XYZ Corp. paid a cash dividend of
10 cents per share. The ex-dividend date was July 16, 2017.
IRA Distributions
Your Form 1099-DIV from XYZ Corp. shows $500 in box 1a
Special rules may apply if you received a distribution
(ordinary dividends) and in box 1b (qualified dividends). How-
from your individual retirement arrangement (IRA)
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ever, you sold the 5,000 shares on August 11, 2017. You held
and your main home was in one of the Presidentially
your shares of XYZ Corp. for only 34 days of the 121-day peri-
declared disaster areas eligible for these special rules on the
od (from July 9, 2017, through August 11, 2017). The 121-day
specified date. Special rules also may apply if you received a
period began on May 17, 2017, (60 days before the ex-dividend
distribution to buy or construct a main home in one of the
date) and ended on September 14, 2017. You have no qualified
Presidentially declared disaster areas eligible for these special
dividends from XYZ Corp. because you held the XYZ stock
rules, but that home wasn't bought or constructed because of
for less than 61 days.
the disaster. See Pub. 976 for details.
Example 2. The facts are the same as in Example 1 except
You should receive a Form 1099-R showing the total amount
that you bought the stock on July 15, 2017 (the day before the
of any distribution from your IRA before income tax and other
ex-dividend date), and you sold the stock on September 16,
deductions were withheld. This amount should be shown in
2017. You held the stock for 63 days (from July 15, 2017,
box 1 of Form 1099-R. Unless otherwise noted in the line 11a
through September 16, 2017). The $500 of qualified dividends
and 11b instructions, an IRA includes a traditional IRA, Roth
shown in box 1b of your Form 1099-DIV are all qualified divi-
IRA (including a myRA), simplified employee pension (SEP)
dends because you held the stock for 61 days of the 121-day
IRA, and a savings incentive match plan for employees (SIM-
period (from July 16, 2017, through September 14, 2017).
PLE) IRA. Except as provided below, leave line 11a blank and
Example 3. You bought 10,000 shares of ABC Mutual
enter the total distribution (from Form 1099-R, box 1) on
Fund common stock on July 8, 2017. ABC Mutual Fund paid a
line 11b.
cash dividend of 10 cents a share. The ex-dividend date was Ju-
Exception 1. Enter the total distribution on line 11a if you rol-
ly 16, 2017. The ABC Mutual Fund advises you that the part of
led over part or all of the distribution from one:
the dividend eligible to be treated as qualified dividends equals
Roth IRA to another Roth IRA, or
2 cents a share. Your Form 1099-DIV from ABC Mutual Fund
IRA (other than a Roth IRA) to a qualified plan or anoth-
shows total ordinary dividends of $1,000, and qualified divi-
er IRA (other than a Roth IRA).
dends of $200. However, you sold the 10,000 shares on August
11, 2017. You have no qualified dividends from ABC Mutual
Also, enter “Rollover” next to line 11b. If the total distribu-
Fund because you held the ABC Mutual Fund stock for less
tion was rolled over, enter -0- on line 11b. If the total distribu-
than 61 days.
tion wasn't rolled over, enter the part not rolled over on
line 11b unless Exception 2 applies to the part not rolled over.
Be sure you use the Qualified Dividends and Capital
Generally, a rollover must be made within 60 days after the day
Gain Tax Worksheet to figure your tax.
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you received the distribution. For more details on rollovers, see
Pub. 590-A and Pub. 590-B.
Line 10
If you rolled over the distribution into a qualified plan other
than an IRA or you made the rollover in 2018, include a state-
Capital Gain Distributions
ment explaining what you did.
Each payer should send you a Form 1099-DIV. Do any of the
Exception 2. If any of the following apply, enter the total dis-
Forms 1099-DIV or substitute statements you, or your spouse
tribution on line 11a and see Form 8606 and its instructions to
if filing a joint return, received have an amount in box 2b (un-
figure the amount to enter on line 11b.
recaptured section 1250 gain), box 2c (section 1202 gain), or
1. You received a distribution from an IRA (other than a
box 2d (collectibles (28%) gain)?
Roth IRA) and you made nondeductible contributions to any of
your traditional or SEP IRAs for 2017 or an earlier year. If you
You must use Form 1040.
Yes.
made nondeductible contributions to these IRAs for 2017, also
You can use Form 1040A. Enter your total capital gain
No.
see Pub. 590-A and Pub. 590-B.
distributions (from box 2a of Form(s) 1099-DIV) on
2. You received a distribution from a Roth IRA. But if ei-
line 10. Also, be sure you use the Qualified Dividends
ther (a) or (b) below applies, enter -0- on line 11b; you don't
and Capital Gain Tax Worksheet to figure your tax.
have to see Form 8606 or its instructions.
a. Distribution code T is shown in box 7 of Form 1099-R
and you made a contribution (including a conversion) to a Roth
If you received capital gain distributions as a nominee (that
IRA for 2012 or an earlier year.
is, they were paid to you but actually belong to someone else),
report on line 10 only the amount that belongs to you. Include a
b. Distribution code Q is shown in box 7 of Form 1099-R.
statement showing the full amount you received and the
3. You converted part or all of a traditional, SEP, or SIM-
amount you received as a nominee. See the Schedule B instruc-
PLE IRA to a Roth IRA in 2017.
tions for filing requirements for Forms 1099-DIV and 1096.
-26-
Need more information or forms? Visit IRS.gov.
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