Instructions For Form 1040-A - U.s. Individual Income Tax Return - 2016 Page 27
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922017 Form 1040A—Lines 11b Through 12b
4. You had a 2016 or 2017 IRA contribution returned to
Lines 12a and 12b
you, with the related earnings or less any loss, by the due date
(including extensions) of your tax return for that year.
Pensions and Annuities
5. You made excess contributions to your IRA for an earli-
Special rules may apply if you received a distribution
er year and had them returned to you in 2017.
from a profit-sharing plan or retirement plan and your
TIP
6. You recharacterized part or all of a contribution to a
main home was in one of the Presidentially declared
Roth IRA as a contribution to another type of IRA, or vice ver-
disaster areas eligible for these special rules on the specified
sa.
date. Special rules also may apply if you received a distribu-
tion on certain dates to buy or construct a main home in one of
Exception 3. If all or part of the distribution is a qualified
the Presidentially declared disaster areas eligible for these
charitable distribution (QCD), enter the total distribution on
special rules, but that home wasn't bought or constructed be-
line 11a. If the total amount distributed is a QCD, enter -0- on
cause of the disaster. See Pub. 976 for details.
line 11b. If only part of the distribution is a QCD, enter the part
You should receive a Form 1099-R showing the total amount
that isn't a QCD on line 11b unless Exception 2 applies to that
of your pension and annuity payments before income tax or
part. Enter “QCD” next to line 11b.
other deductions were withheld. This amount should be shown
A QCD is a distribution made directly by the trustee of your
in box 1 of Form 1099-R. Pension and annuity payments in-
IRA (other than an ongoing SEP or SIMPLE IRA) to an organ-
clude distributions from 401(k), 403(b), and governmental
ization eligible to receive tax-deductible contributions (with
457(b) plans. Rollovers and lump-sum distributions are ex-
certain exceptions). You must have been at least age 70
when
1 2
plained later. Don't include the following payments on lines
the distribution was made.
12a and 12b. Instead, report them on line 7.
Generally, your total QCDs for the year can't be more than
Disability pensions received before you reach the mini-
$100,000. (On a joint return, your spouse can also have a QCD
mum retirement age set by your employer.
of up to $100,000.) The amount of the QCD is limited to the
Corrective distributions (including any earnings) of elec-
amount that would otherwise be included in your income. If
tive salary deferrals or other excess contributions to retirement
your IRA includes nondeductible contributions, the distribution
plans. The plan must advise you of the year(s) the distributions
is first considered to be paid out of otherwise taxable income.
are includible in income.
See Pub. 590-A for details.
Attach Form(s) 1099-R to Form 1040A if any federal
You can't claim a charitable contribution deduction
income tax was withheld.
TIP
!
for any QCD not included in your income.
CAUTION
Fully taxable pensions and annuities. Your payments are
Exception 4. If all or part of the distribution is a health sav-
fully taxable if (a) you didn't contribute to the cost (see Cost,
ings account (HSA) funding distribution (HFD), you must file
later) of your pension or annuity, or (b) you got back your en-
Form 1040. See Exception 4 in the instructions for Form 1040,
tire cost tax free before 2017. But see
Insurance premiums for
lines 15a and 15b. An HFD is a distribution made directly by
retired public safety
officers, later. If your pension or annuity is
the trustee of your IRA (other than an ongoing SEP or SIMPLE
fully taxable, enter the total pension or annuity payments (from
IRA) to your HSA.
Form(s) 1099-R, box 1) on line 12b; don't make an entry on
More than one exception applies. If more than one exception
line 12a.
applies, include a statement showing the amount of each excep-
Fully taxable pensions and annuities also include military
tion, instead of making an entry next to line 11b. For example:
retirement pay shown on Form 1099-R. For details on military
“Line 11b--$1,000 Rollover and $500 Distribution.” But you
disability pensions, see Pub. 525. If you received a Form
don't need to attach a statement if only
Exception 2
and one
RRB-1099-R, see Pub. 575 to find out how to report your ben-
other exception apply.
efits.
More than one distribution. If you (or your spouse if filing
Partially taxable pensions and annuities. Enter the total pen-
jointly) received more than one distribution, figure the taxable
sion or annuity payments (from Form 1099-R, box 1) on
amount of each distribution and enter the total of the taxable
line 12a. If your Form 1099-R doesn't show the taxable
amounts on line 11b. Enter the total amount of those distribu-
amount, you must use the General Rule explained in Pub. 939
tions on line 11a.
to figure the taxable part to enter on line 12b. But if your annu-
ity starting date (defined later) was after July 1, 1986, see
Sim-
You may have to pay an additional tax if (a) you re-
!
plified
Method, later, to find out if you must use that method to
ceived an early distribution from your IRA and the to-
figure the taxable part.
tal wasn't rolled over or (b) you were born before July
CAUTION
1, 1946, and received less than the minimum required distribu-
You can ask the IRS to figure the taxable part for you for a
tion from your traditional, SEP, and SIMPLE IRAs. If you do
$1,000 fee. For details, see Pub. 939.
owe this tax, you must use Form 1040.
If your Form 1099-R shows a taxable amount, you can re-
port that amount on line 12b. But you may be able to report a
More information. For more information about IRAs, see
lower taxable amount by using the General Rule or the Simpli-
Pub. 590-A and Pub. 590-B.
fied Method or if the exclusion for retired public safety offi-
cers, discussed next, applies.
-27-
Need more information or forms? Visit IRS.gov.
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