Instructions For Form 1040 - U.s. Individual Income Tax Return - 2017 Page 25
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107 2017 Form 1040—Lines 12 Through 15b
amount you received as a nominee. See
Also, enter “Rollover” next to
Line 12
the Schedule B instructions for filing re-
line 15b. If the total distribution was rol-
quirements for Forms 1099-DIV and
led over, enter -0- on line 15b. If the to-
Business Income or (Loss)
1096.
tal distribution wasn't rolled over, enter
If you operated a business or practiced
the part not rolled over on line 15b un-
If you don’t have to file Sched-
your profession as a sole proprietor, re-
less Exception 2 applies to the part not
ule D, use the Qualified Divi-
TIP
port your income and expenses on
rolled over. Generally, a rollover must
dends and Capital Gain Tax
Schedule C or C-EZ.
be made within 60 days after the day
Worksheet in the line 44 instructions to
you received the distribution. For more
figure your tax.
Line 13
details on rollovers, see Pub. 590-A and
Pub. 590-B.
Line 14
Capital Gain or (Loss)
If you rolled over the distribution into
a qualified plan other than an IRA or
If you sold a capital asset, such as a
Other Gains or (Losses)
you made the rollover in 2018, include a
stock or bond, you must complete and
statement explaining what you did.
attach Form 8949 and Schedule D.
If you sold or exchanged assets used in a
trade or business, see the Instructions for
Exception 1. You do not have to file
Exception 2. If any of the following ap-
Form 4797.
ply, enter the total distribution on
Form 8949 or Schedule D if both of the
line 15a and see Form 8606 and its in-
following apply.
Lines 15a and 15b
structions to figure the amount to enter
1. You have no capital losses, and
on line 15b.
your only capital gains are capital gain
IRA Distributions
distributions from Form(s) 1099-DIV,
1. You received a distribution from
an IRA (other than a Roth IRA) and you
box 2a (or substitute statements).
Special rules may apply if you
made nondeductible contributions to any
received a distribution from
2. None of the Form(s) 1099-DIV
TIP
of your traditional or SEP IRAs for 2017
your individual retirement ar-
(or substitute statements) have an
or an earlier year. If you made nonde-
rangement (IRA) and your main home
amount in box 2b (unrecaptured section
ductible contributions to these IRAs for
was in one of the Presidentially declared
1250 gain), box 2c (section 1202 gain),
2017, also see Pub. 590-A and Pub.
disaster areas eligible for these special
or box 2d (collectibles (28%) gain).
590-B.
rules on the specified date. Special rules
Exception 2. You must file Schedule D
also may apply if you received a distri-
2. You received a distribution from
but generally don’t have to file Form
bution to buy or construct a main home
a Roth IRA. But if either (a) or (b) be-
8949 if Exception 1 doesn't apply and
in one of the Presidentially declared dis-
low applies, enter -0- on line 15b; you
your only capital gains and losses are:
aster areas eligible for these special
don’t have to see Form 8606 or its in-
Capital gain distributions;
rules, but that home wasn’t bought or
structions.
A capital loss carryover from
constructed because of the disaster. See
a. Distribution code T is shown in
2016;
Pub. 976 for details.
box 7 of Form 1099-R and you made a
A gain from Form 2439 or 6252 or
contribution (including a conversion) to
You should receive a Form 1099-R
Part I of Form 4797;
a Roth IRA for 2012 or an earlier year.
showing the total amount of any distri-
A gain or loss from Form 4684,
bution from your IRA before income tax
b. Distribution code Q is shown in
6781, or 8824;
box 7 of Form 1099-R.
or other deductions were withheld. This
A gain or loss from a partnership,
amount should be shown in box 1 of
3. You converted part or all of a tra-
S corporation, estate, or trust; or
Form 1099-R. Unless otherwise noted in
ditional, SEP, or SIMPLE IRA to a Roth
Gains and losses from transactions
the line 15a and 15b instructions, an
IRA in 2017.
for which you received a Form 1099-B
IRA includes a traditional IRA, Roth
(or substitute statement) that shows ba-
4. You had a 2016 or 2017 IRA con-
IRA (including a myRA), simplified em-
sis was reported to the IRS and for
tribution returned to you, with the rela-
ployee pension (SEP) IRA, and a sav-
which you don’t need to make any ad-
ted earnings or less any loss, by the due
ings incentive match plan for employees
justments in column (g) of Form 8949 or
date (including extensions) of your tax
(SIMPLE) IRA. Except as provided
enter any codes in column (f) of Form
return for that year.
next, leave line 15a blank and enter the
8949.
5. You made excess contributions to
total distribution (from Form 1099-R,
If Exception 1 applies, enter your to-
your IRA for an earlier year and had
box 1) on line 15b.
tal capital gain distributions (from
them returned to you in 2017.
Exception 1. Enter the total distribution
box 2a of Form(s) 1099-DIV) on line 13
6. You recharacterized part or all of
on line 15a if you rolled over part or all
and check the box on that line. If you re-
a contribution to a Roth IRA as a contri-
of the distribution from one:
ceived capital gain distributions as a
bution to another type of IRA, or vice
Roth IRA to another Roth IRA, or
nominee (that is, they were paid to you
versa.
IRA (other than a Roth IRA) to a
but actually belong to someone else), re-
qualified plan or another IRA (other
port on line 13 only the amount that be-
Exception 3. If all or part of the distri-
than a Roth IRA).
longs to you. Include a statement show-
bution is a qualified charitable distribu-
ing the full amount you received and the
tion (QCD), enter the total distribution
-25-
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