Instructions for Form 8606 Nondeductible IRAs

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1 2008 Instructions for Form 8606 Nondeductible IRAs Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless otherwise noted. General Instructions Tax relief for the Midwestern disaster areas. Special rules may apply if you received a distribution from your IRA and your main home was located in a Midwestern disaster area on the date the disaster occurred, and you Conversions from traditional, SEP, or SIMPLE IRAs to Roth IRAs. Additional information. See Pub. 590, for more details. What s New sustained an economic loss due to the TIP a traditional, SEP, or SIMPLE If you received distributions from IRA contribution limit increased. severe storms, tornadoes, or flooding. IRA in 2008 and you have never You and your spouse, if filing jointly, Special rules may also apply if you made nondeductible contributions to each may be able to contribute up to received a distribution to purchase or traditional IRAs, do not report the $5,000 ($6,000 if age 50 or older at the construct a main home in a Midwestern distributions on Form Instead, end of 2008) to your IRA. See Overall disaster area, but the home was not see the instructions for Form 1040, Contribution Limit for Traditional and purchased or constructed because of lines 15a and 15b; Form 1040A, lines Roth IRAs on page 3. the severe storms, tornadoes, or 11a and 11b; or Form 1040NR, lines flooding. 16a and 16b. Also, to find out if any of Modified AGI limit for Roth IRA your contributions to traditional IRAs contributions increased. You can See Pub B, Information for are deductible, see the instructions for contribute to a Roth IRA for 2008 only if Affected Taxpayers in the Midwestern Form 1040, line 32; Form 1040A, line your 2008 modified adjusted gross Disaster Areas, and Form 8930, 17; or Form 1040NR, line 31. income (AGI) for Roth IRA purposes is Qualified Disaster Recovery Assistance less than: Retirement Plan Distributions and $169,000 if married filing jointly or Repayments, for more information. Who Must File qualifying widow(er), Qualified settlement income. If you File Form 8606 if any of the following $116,000 if single, head of received qualified settlement income in apply. household, or married filing separately connection with the Exxon Valdez You made nondeductible and you did not live with your spouse at litigation, you may be able to roll over contributions to a traditional IRA for any time in 2008, or some or all of the amount you received 2008, including a repayment of a $10,000 if married filing separately to your IRA. For more information on qualified reservist distribution. and you lived with your spouse at any qualified settlement income, see Pub. Your economic stimulus payment or time in tax refund was directly deposited into a See Roth IRAs on page 2. traditional IRA and you are treating it as Military death gratuities and a nondeductible contribution. Rollovers from qualified retirement servicemembers group life You received distributions from a plans to Roth IRAs. Beginning in insurance (SGLI) payments. If you traditional, SEP, or SIMPLE IRA in 2008, you can roll over amounts from a received a military death gratuity or 2008 and your basis in traditional IRAs qualified retirement plan to a Roth IRA. SGLI payment with respect to a death is more than zero. For this purpose, a Any amount rolled over is subject to the from injury that occurred after October distribution does not include a rollover same rules for converting a traditional 6, 2001, you may be able to roll over (other than a repayment of a qualified IRA to a Roth IRA. However, do not file some or all of the amount you received disaster recovery assistance Form 8606 solely to report rollovers to your Roth IRA. For more information distribution or a qualified recovery from qualified retirement plans. For on military death gratuities and SGLI assistance distribution), qualified more information, see Rollover From payments, see Pub charitable distribution, a one-time Employer s Plan Into a Roth IRA in Airline payments. If you are a distribution to fund an HSA, conversion, chapter 2 of Pub. 590, Individual qualified airline employee, you may recharacterization, or return of certain Retirement Arrangements (IRAs). contribute any portion of an airline contributions. payment you receive as a result of an You converted an amount from a Tax relief for the Kansas disaster airline carrier bankruptcy to a Roth IRA. traditional, SEP, or SIMPLE IRA to a area. Special rules may apply if you For more information on airline Roth IRA in 2008 (unless you received a distribution from your IRA payments, see Pub recharacterized the entire and your main home was located in the conversion see page 3). Kansas disaster area, and you Required minimum distributions for You received distributions from a sustained an economic loss due to the For 2009, you are not required Roth IRA in 2008 (other than a rollover, storms and tornadoes that began on to take a minimum distribution from recharacterization, or return of certain May 4, your IRA. For more information, see contributions see page 7). Special rules may also apply if you Pub You made a repayment of a qualified hurricane, disaster recovery assistance, received a distribution to purchase or Purpose of Form or recovery assistance distribution that construct a main home in the Kansas disaster area, but the home was not Use Form 8606 to report: is attributable to previously purchased or constructed because of Nondeductible contributions you nondeductible contributions. the storms and tornadoes. made to traditional IRAs, Note. If you recharacterized a 2008 Distributions from traditional, SEP, or Roth IRA contribution as a traditional See Pub A, Information for SIMPLE IRAs, if you have ever made IRA contribution, or vice versa, treat the Taxpayers Affected by the May 4, nondeductible contributions to contribution as having been made to 2007, Kansas Storms and Tornadoes, traditional IRAs, the second IRA, not the first IRA. See for more information. Distributions from Roth IRAs, and page 3. Cat. No E

2 If you received any qualified on which type it was. See Pub. 590 for may be deductible or nondeductible.! disaster recovery assistance more details. SEP IRA distributions are reported in CAUTION distributions, complete Part I of the same manner as traditional IRA Form 8930 before you complete Form Traditional IRAs distributions If you received any qualified For purposes of Form 8606, a recovery assistance distributions, see traditional IRA is an individual SIMPLE IRAs Pub A for instructions on retirement account or an individual Your participation in your employer s completing Part I of the 2006 version of retirement annuity other than a SEP, SIMPLE IRA plan does not prevent you Form 8915 before completing Form SIMPLE, or Roth IRA. from making contributions to a Contributions. An overall contribution traditional, SEP, or Roth IRA. You do not have to file Form limit applies to traditional IRAs and TIP Roth IRAs. See Overall Contribution Roth IRAs 8606 solely to report regular contributions to Roth IRAs or Limit for Traditional and Roth IRAs on A Roth IRA is similar to a traditional rollovers from qualified retirement plans page 3. Contributions to a traditional IRA, but has the following features. to Roth IRAs. But see What Records IRA may be fully deductible, partially Contributions are never deductible. Must I Keep? on page 5. deductible, or completely Contributions can be made after the nondeductible. owner reaches age 70 1 /2. When and Where To File Basis. Your basis in traditional IRAs is No minimum distributions are the total of all your nondeductible required during the Roth IRA owner s File Form 8606 with your 2008 Form contributions and nontaxable amounts lifetime. 1040, 1040A, or 1040NR. If you are not included in rollovers made to traditional Qualified distributions are not required to file an income tax return but IRAs minus the total of all your includible in income. are required to file Form 8606, sign Form 8606 and send it to the Internal nontaxable distributions, adjusted if Qualified distribution. Generally, a Revenue Service at the same time and necessary (see the instructions for line qualified distribution is any distribution place you would otherwise file Form 2 on page 6). Keep track of your basis made: 1040, 1040A, or 1040NR. to figure the nontaxable part of your future distributions. On or after age 59 1 /2, Upon death, Definitions SEP IRAs Due to disability, or A simplified employee pension (SEP) is For qualified first-time homebuyer Deemed IRAs an employer-sponsored plan under expenses. A qualified employer plan (retirement which an employer can make Exception. Any distribution made plan) can maintain a separate account contributions to traditional IRAs for its during the 5-year period beginning with or annuity under the plan (a deemed employees. If you make contributions to the first year for which you made a IRA) to receive voluntary employee that IRA (excluding employer Roth IRA contribution or conversion is contributions. If in 2008 you had a contributions you make if you are not a qualified distribution, and may be deemed IRA, use the rules for either a self-employed), they are treated as taxable. traditional IRA or a Roth IRA depending contributions to a traditional IRA and Contributions. You can contribute to a Roth IRA for 2008 only if your 2008 Maximum Roth IRA Contribution Worksheet (keep for your records) modified adjusted gross income (AGI) for Roth IRA purposes is less than: Caution: If married filing jointly and the combined taxable compensation (defined on page $10,000 if married filing separately 3) for you and your spouse is less than $10,000 ($11,000 if one spouse is 50 or older at and you lived with your spouse at any the end of 2008; $12,000 if both spouses are 50 or older at the end of 2008), do not use time in 2008, this worksheet. Also, do not use this worksheet if you or your spouse qualify for the $169,000 if married filing jointly or catch-up contributions for certain employer bankruptcies. Instead, see Pub. 590 for special qualifying widow(er), or rules. $116,000 if single, head of household, or if married filing 1. If married filing jointly, enter $5,000 ($6,000 if age 50 or older at separately and you did not live with the end of 2008). All others, enter the smaller of $5,000 your spouse at any time in ($6,000 if age 50 or older at the end of 2008) or your taxable compensation (defined on page 3) Use the Maximum Roth IRA 2. Enter your total contributions to traditional IRAs for Contribution Worksheet on this page to figure the maximum amount you can 3. Subtract line 2 from line contribute to a Roth IRA for If you 4. Enter: $169,000 if married filing jointly or qualifying widow(er); are married filing jointly, complete the $10,000 if married filing separately and you lived with your worksheet separately for you and your spouse at any time in All others, enter $116, spouse. 5. Enter your modified AGI for Roth IRA purposes (see this page) Subtract line 5 from line 4. If zero or less, stop here; you may If you contributed too much, see not contribute to a Roth IRA for See! Recharacterizations on page 3. CAUTION Recharacterizations on page 3 if you made Roth IRA contributions for Modified AGI for Roth IRA purposes. 7. If line 4 above is $116,000, enter $15,000; otherwise, enter First, figure your AGI (Form 1040, line $10,000. If line 6 is more than or equal to line 7, skip lines 8 and 38; Form 1040A, line 22; or Form 9 and enter the amount from line 3 on line NR, line 36). Then, refigure it by: 8. Divide line 6 by line 7 and enter the result as a decimal 1. Subtracting the following. (rounded to at least 3 places). If the result is or more, a. Roth IRA conversions included enter on Form 1040, line 15b; Form 1040A, 9. Multiply line 1 by line 8. If the result is not a multiple of $10, line 11b; or Form 1040NR, line 16b. increase it to the next multiple of $10 (for example, increase b. Roth IRA rollovers from qualified $ to $500). Enter the result, but not less than $ retirement plans included on Form 10. Maximum 2008 Roth IRA Contribution. Enter the smaller of 1040, line 16b; Form 1040A, line 12b; line 3 or line 9. See Recharacterizations on page 3 if you or Form 1040NR, line 17b. contributed more than this amount to Roth IRAs for c. Minimum required distributions from IRAs (for conversions and -2-

3 rollovers from qualified retirement plans qualified retirement plans, and earnings that you must transfer are only). repayments of qualified hurricane, figured by your IRA trustee or 2. Adding the following. disaster recovery assistance, recovery custodian. If you need to figure the a. IRA deduction from Form 1040, assistance, and reservist distributions related earnings, see How Do You line 32; Form 1040A, line 17; or Form do not affect your contribution limit. Recharacterize a Contribution in Pub. 1040NR, line Any earnings or loss that occurred The amount you can contribute b. Student loan interest deduction in the first IRA will be treated as having to a Roth IRA may also be from Form 1040, line 33; Form 1040A,! occurred in the second IRA. You CAUTION limited by your modified AGI line 18; or Form 1040NR, line 32. cannot deduct any loss that occurred (see Contributions and the Maximum c. Tuition and fees deduction from while the funds were in the first IRA. Roth IRA Contribution Worksheet on Form 1040, line 34; or Form 1040A, Also, you cannot take a deduction for a page 2). line 19. contribution to a traditional IRA if the d. Domestic production activities Taxable compensation includes the amount is later recharacterized. See deduction from Form 1040, line 35; or following. below for how to report the four Form 1040NR, line 33. Wages, salaries, tips, etc. If you different types of recharacterizations, e. Exclusion of interest from Form received a distribution from a including the statement that must be 8815, Exclusion of Interest From Series nonqualified deferred compensation attached to your return explaining the EE and I U.S. Savings Bonds Issued plan or nongovernmental section 457 recharacterization. After plan that is included in Form W-2, box 1. You converted an amount from a f. Exclusion of employer-provided 1, or in Form 1099-MISC, box 7, do not traditional, SEP, or SIMPLE IRA to a adoption benefits from Form 8839, include that distribution in taxable Roth IRA in 2008 and later Qualified Adoption Expenses. compensation. The distribution should recharacterized all or part of the g. Foreign earned income exclusion be shown in (a) Form W-2, box 11, (b) amount back to a traditional, SEP, or from Form 2555, Foreign Earned Form W-2, box 12, with code Z, or (c) SIMPLE IRA. If you only Income, or Form 2555-EZ, Foreign Form 1099-MISC, box 15b. If it is not, recharacterized part of the amount Earned Income Exclusion. contact your employer for the amount converted, report the amount not h. Foreign housing exclusion or of the distribution. recharacterized on Form If you deduction from Form Nontaxable combat pay if you were a recharacterized the entire amount, do member of the U.S. Armed Forces. not report the recharacterization on When figuring modified AGI for Self-employment income. If you are Form In either case, attach a Roth IRA purposes, you may self-employed (a sole proprietor or a! statement to your return explaining the have to refigure items based on partner), taxable compensation is your CAUTION recharacterization and include the modified AGI, such as taxable social net earnings from your trade or amount converted from the traditional, security benefits and passive activity business (provided your personal SEP, or SIMPLE IRA in the total on losses allowed under the special services are a material Form 1040, line 15a; Form 1040A, line allowance for rental real estate income-producing factor) reduced by 11a; or Form 1040NR, line 16a. If the activities. See Can You Contribute to a your deduction for contributions made recharacterization occurred in 2008, Roth IRA? in Pub. 590 for details. on your behalf to retirement plans and also include the amount transferred the deduction allowed for one-half of Distributions. See the instructions for back from the Roth IRA on that line. If your self-employment tax. Part III that begin on page 7. the recharacterization occurred in 2009, Alimony and separate maintenance. report the amount transferred only in Overall Contribution Limit for See Pub. 590 for details. the attached statement, and not on your 2008 or 2009 tax return (a 2009 Traditional and Roth IRAs Recharacterizations Form 1099-R should be sent to you by If you are not married filing jointly, your Generally, you can recharacterize February 1, 2010, stating that you limit on contributions to traditional and (correct) an IRA contribution, Roth IRA made a recharacterization of an amount Roth IRAs is the smaller of $5,000 conversion, or a Roth IRA rollover from converted in the prior year). ($6,000 if age 50 or older at the end of a qualified retirement plan by making a 2008) or your taxable compensation Example. You are married filing trustee-to-trustee transfer from one IRA (defined later). If you are married filing jointly and converted $20,000 from your to another type of IRA. jointly, your contribution limit is traditional IRA to a new Roth IRA on Trustee-to-trustee transfers are made generally $5,000 ($6,000 if age 50 or May 20, On April 7, 2009, you directly between financial institutions or older at the end of 2008) and your determine that your 2008 modified AGI within the same financial institution. spouse s contribution limit is $5,000 for Roth IRA purposes will exceed You generally must make the transfer ($6,000 if age 50 or older at the end of $100,000, and you are not allowed to by the due date of your return 2008) as well. But if the combined make a Roth IRA conversion. The value (including extensions) and reflect it on taxable compensation of both you and of the Roth IRA on that date is $19,000. your return. However, if you timely filed your spouse is less than $10,000 You recharacterize the conversion by your return without making the transfer, ($11,000 if one spouse is 50 or older at transferring that entire amount to a you can make the transfer within 6 the end of 2008; $12,000 if both traditional IRA in a trustee-to-trustee months of the due date of your return, spouses are 50 or older at the end of transfer. You report $20,000 on Form excluding extensions. If necessary, file 2008), see Pub. 590 for special rules. 1040, line 15a. You do not include the an amended return reflecting the This limit does not apply to employer $19,000 on line 15a because it did not transfer (see page 5). Write Filed contributions to a SEP or SIMPLE IRA. occur in 2008 (you also do not report pursuant to section on the that amount on your 2009 return Catch-up contributions in certain amended return. because it does not apply to the 2009 employer bankruptcies. If you Reporting recharacterizations. Any tax year). You attach a statement to participated in a 401(k) plan and the recharacterized conversion or Roth IRA Form 1040 explaining that (a) you employer who maintained the plan went rollover from a qualified retirement plan made a conversion of $20,000 from a into bankruptcy in an earlier year, you will be treated as though the conversion traditional IRA on May 20, 2008, and may be able to contribute an additional or rollover had not occurred. Any (b) you recharacterized the entire $3,000 to your IRA. For more recharacterized contribution will be amount, which was then valued at information, see Catch-up contributions treated as having been originally $19,000, back to a traditional IRA on in certain employer bankruptcies in contributed to the second IRA, not the April 7, Pub first IRA. The amount transferred must 2. You made a contribution to a Note. Rollovers, Roth IRA include related earnings or be reduced traditional IRA and later recharacterized conversions, Roth IRA rollovers from by any loss. In most cases, the related part or all of it to a Roth IRA. If you -3-

4 recharacterized only part of the on June 16, On December 29, made a rollover of $50,000 from a contribution, report the nondeductible 2008, you determine that your (k) plan to a Roth IRA on July 20, traditional IRA portion of the remaining modified AGI will allow a full traditional 2008, and (b) you recharacterized the contribution, if any, on Form 8606, Part IRA deduction. You decide to entire amount, which was then valued I. If you recharacterized the entire recharacterize the Roth IRA at $49,000, to a traditional IRA on contribution, do not report the contribution as a traditional IRA March 25, contribution on Form In either contribution and have $4,200, the case, attach a statement to your return balance in the Roth IRA account explaining the recharacterization. If the ($4,000 contribution plus $200 related Return of IRA recharacterization occurred in 2008, earnings), transferred from your Roth Contributions include the amount transferred from the IRA to a traditional IRA in a traditional IRA on Form 1040, line 15a; trustee-to-trustee transfer. You deduct If, in 2008 or 2009, you made traditional Form 1040A, line 11a; or Form IRA contributions or Roth IRA the $4,000 traditional IRA contribution 1040NR, line 16a. If the contributions for 2008 and you had on Form You are not required to recharacterization occurred in 2009, those contributions returned to you with file Form 8606, but you must attach a report the amount transferred only in any related earnings (or minus any statement to your return explaining the the attached statement. loss) by the due date (including recharacterization. The statement extensions) of your 2008 tax return, the Example. You are single, covered indicates that you contributed $4,000 to returned contributions are treated as if by a retirement plan, and you a new Roth IRA on June 16, 2008; they were never contributed. Do not contributed $4,000 to a new traditional recharacterized that contribution on report the contribution or distribution on IRA on May 27, On February 24, December 29, 2008, by transferring Form 8606 or take a deduction for the 2009, you determine that your 2008 $4,200, the balance in the Roth IRA, to contribution. However, you must report modified AGI will limit your traditional a traditional IRA in a trustee-to-trustee the distribution and any related IRA deduction to $1,000. The value of transfer; and that $4,000 of the earnings on your 2008 Form 1040, your traditional IRA on that date is traditional IRA contribution is deducted lines 15a and 15b; Form 1040A, lines $4,400. You decide to recharacterize on Form You include the $4,200 11a and 11b; or Form 1040NR, lines $3,000 of the traditional IRA distribution on your 2008 Form 1040, 16a and 16b. Attach a statement contribution as a Roth IRA contribution, line 15a. explaining the distribution. You cannot and have $3,300 ($3,000 contribution 4. You rolled over an amount from a deduct any loss that occurred (see Pub. plus $300 related earnings) transferred qualified retirement plan to a Roth IRA 590 for an exception if you withdrew the from your traditional IRA to a Roth IRA in 2008 and later recharacterized all or entire amount in all your traditional or in a trustee-to-trustee transfer. You part of the amount to a traditional IRA. Roth IRAs). Also, if you were under age deduct the $1,000 traditional IRA Attach a statement to your return 59 1 /2 at the time of a distribution with contribution on Form You are not explaining the recharacterization and related earnings, you generally are required to file Form 8606, but you include the amount of the original subject to the additional 10% tax on must attach a statement to your return rollover on Form 1040, line 16a; Form early distributions (see Form 5329, explaining the recharacterization. The 1040A, line 12a; or Form 1040NR, line Additional Taxes on Qualified Plans statement indicates that you contributed 17a. Also, include any taxable amount (Including IRAs) and Other $4,000 to a traditional IRA on May 27, of the rollover not recharacterized on Tax-Favored Accounts). 2008; recharacterized $3,000 of that Form 1040, line 16b; Form 1040A, line contribution on February 24, 2009, by If you timely filed your 2008 tax 12b; or Form 1040NR, line 17b. If the transferring $3,000 plus $300 of related return without withdrawing a recharacterization occurred in 2008, earnings from your traditional IRA to a contribution that you made in 2008, you also include the amount transferred Roth IRA in a trustee-to-trustee can still have the contribution returned from the Roth IRA on Form 1040, line transfer; and that all $1,000 of the to you within 6 months of the due date 15a; Form 1040A, line 11a; or Form remaining traditional IRA contribution is of your 2008 tax return, excluding 1040NR, line 16a. If the deducted on Form You do not extensions. If you do, file an amended recharacterization occurred in 2009, report the $3,300 distribution from your return with Filed pursuant to section report the amount transferred only in traditional IRA on your 2008 Form written at the top. Report the attached statement, and not on because the distribution occurred in any related earnings on the amended your 2008 or 2009 tax return (a You do not report the distribution return and include an explanation of the Form 1099-R should be sent to you by on your 2009 Form 1040 because the withdrawal. Make any other necessary February 1, 2010, stating that you recharacterization related to 2008 and changes on the amended return (for made a recharacterization of an amount was explained in an attachment to your example, if you reported the in the prior year). You do not report 2008 return. contributions as excess contributions these rollovers or recharacterizations on your original return, include an 3. You made a contribution to a on Form amended Form 5329 reflecting that the Roth IRA and later recharacterized part Example. You are single and you withdrawn contributions are no longer or all of it to a traditional IRA. Report rolled over $50,000 from your 401(k) treated as having been contributed). the nondeductible traditional IRA plan to a new Roth IRA on July 20, portion, if any, on Form 8606, Part I. If On March 25, 2009, you In most cases, the related earnings you did not recharacterize the entire determine that your 2008 modified AGI that you must withdraw are figured by contribution, do not report the for Roth IRA purposes will exceed your IRA trustee or custodian. If you remaining Roth IRA portion of the $100,000, and you are not allowed to need to figure the related earnings on contribution on Form Attach a make a Roth IRA rollover. The value of IRA contributions that were returned to statement to your return explaining the the Roth IRA on that date is $49,000. you, see Contributions Returned Before recharacterization. If the You recharacterize the rollover by Due Date of Return in Pub If you recharacterization occurred in 2008, transferring that entire amount to a made a contribution or distribution while include the amount transferred from the traditional IRA in a trustee-to-trustee the IRA held the returned contribution, Roth IRA on Form 1040, line 15a; Form transfer. You report $50,000 on Form see Pub A, line 11a; or Form 1040NR, line 1040, line 16a. You do not include the If you made a contribution for a. If the recharacterization occurred $49,000 on line 15a because it did not and you had it returned to you in 2008 in 2009, report the amount transferred occur in 2008 (you also do not report as described above, do not report the only in the attached statement, and not that amount on your 2009 return distribution on your 2008 tax return. on your 2008 or 2009 tax return. because it does not apply to the 2009 Instead, report it on your 2007 original Example. You are single and tax year). You attach a statement to or amended return in the manner contributed $4,000 to a new Roth IRA Form 1040 explaining that (a) you described above. -4-

5 Example. On May 28, 2008, you limitation) or taken for the excess contributed $4,000 to your traditional contributions. Overstatement Penalty IRA. The value of the IRA was $18,000 If you overstate your nondeductible prior to the contribution. On December Include the total amount distributed contributions, you must pay a $100 29, 2008, when you are age 57 and the on Form 1040, line 15a; Form 1040A, penalty, unless you can show value of the IRA is $23,600, you realize line 11a; or Form 1040NR, line 16a; reasonable cause. you cannot make the entire contribution and attach a statement to your return because your taxable compensation for explaining the distribution. See the What Records Must I the year will be only $3,000. You example below. decide to have $1,000 of the If you meet these conditions and are Keep? contribution returned to you and otherwise required to file Form 8606: To verify the nontaxable part of withdraw $1,073 from your IRA ($1,000 Do not take into account the amount distributions from your IRAs, including contribution plus $73 earnings). You did of the withdrawn contributions in Roth IRAs, keep a copy of the following not make any other withdrawals or figuring line 2, and forms and records until all distributions contributions. You are not required to Do not include the amount of the are made. file Form You deduct the $3,000 withdrawn contributions on line 7. Page 1 of Forms 1040 (or Forms remaining contribution on Form A, 1040NR, or 1040-T) filed for You include $1,073 on Form 1040, line Example. You are single, you each year you made a nondeductible 15a, and $73 on line 15b. You attach a retired in 2005, and you had no taxable contribution to a traditional IRA. statement to your tax return explaining compensation after However, you Forms 8606 and any supporting the distribution. Because you properly made traditional IRA contributions (that statements, attachments, and removed the excess contribution with you did not deduct) of $3,000 in 2006 worksheets for all applicable years. the related earnings by the due date of and $4,000 in In November 2008, Forms 5498 or similar statements your tax return, you are not subject to a tax practitioner informed you that you you received each year showing the additional 6% tax on excess had made excess contributions for contributions you made to a traditional contributions. However, because you those years because you had no IRA or Roth IRA. were under age 59 1 /2 at the time of the taxable compensation. You withdrew Forms 5498 or similar statements distribution, the $73 of earnings is the $7,000 and filed amended returns you received showing the value of your subject to the additional 10% tax on for 2006 and 2007 reflecting the traditional IRAs for each year you early distributions. You include $7.30 additional 6% tax on excess received a distribution. on Form 1040, line 59. contributions on Form You Forms 1099-R or W-2P you received include the $7,000 distribution on your for each year you received a 2008 Form 1040, line 15a, enter -0- on Return of Excess distribution. line 15b, and attach a statement to your Traditional IRA return explaining the distribution, Note. Forms 1040-T and W-2P are including the fact that you filed forms that were used in prior years. Contributions amended returns for 2006 and 2007 The return (distribution) in 2008 of and paid the additional 6% tax on the excess traditional IRA contributions for excess contributions for those years. years prior to 2008 is not taxable if all The statement indicates that the Specific Instructions three of the following apply. distribution is not taxable because (a) it was made after the due dates of your Name and social security number 1. The distribution was made after 2006 and 2007 tax returns, including (SSN). If you file a joint return, enter the due date, including extensions, of extensions, (b) your total IRA only the name and SSN of the spouse your tax return for the year for which contributions did not exceed $4,000 whose information is being reported on the contribution was made (if the ($5,000 if age 50 or older at the end of Form If both you and your distribution was made earlier, see the year) for 2006 or 2007, and (c) you spouse are required to file Form 8606, Return of IRA Contributions on page 4). did not take a deduction for the file a separate Form 8606 for each of 2. The total contributions (excluding contributions, and no deduction was you. rollovers and conversions) to your allowable because you did not have traditional and SEP IRAs for the year any taxable compensation for those Part I Nondeductible for which the excess contribution was years. The statement also indicates that made did not exceed: the distribution reduced your excess Contributions to a. $4,000 ($5,000 if age 50 or older contributions to -0-, as reflected on your Traditional IRAs and at the end of the year) for 2007 or 2008 Form 5329 and it indicates your 2006, adjusted basis in nondeductible Distributions From b. $4,000 ($4,500 if age 50 or older contributions. at the end of the year) for 2005, Traditional, SEP, and c. $3,000 ($3,500 if age 50 or older Amending Form 8606 SIMPLE IRAs at the end of the year) for years after 2001 and before 2005, After you file your return, you can change a nondeductible contribution to Line 1 d. $2,000 for years after 1996 and before 2002, or a traditional IRA to a deductible If you used the IRA Deduction contribution or vice versa. You also Worksheet in the Form 1040 or 1040A e. $2,250 for years before may be able to make a instructions, subtract line 12 (line 10 for If your total IRA contributions for the recharacterization (see page 3). If Form 1040A) of the worksheet (or the year included employer contributions to necessary, complete a new Form 8606 amount you chose to deduct on Form a SEP IRA, increase the $4,000 showing the revised information and file 1040, line 32, or Form 1040A, line 17, if ($5,000 or $4,500, if applicable), it with Form 1040X, Amended U.S. less) from the smaller of line 10 or line $3,000 ($3,500, if applicable), $2,000, Individual Income Tax Return. 11 (line 8 or line 9 for Form 1040A) of or $2,250 by the smaller of the the worksheet. Enter the result on line 1 employer contributions or $45,000 Penalty for Not Filing of Form You cannot deduct the ($44,000 for 2006, $42,000 for 2005, amount included on line 1. $41,000 for 2004, $40,000 for 2003 and If you are required to file Form 8606 to 2002, $35,000 for 2001, or $30,000 for report a nondeductible contribution to a If you used the worksheet Figuring years before 2001). traditional IRA for 2008, but do not do Your Reduced IRA Deduction for No deduction was allowable so, you must pay a $50 penalty, unless in Pub. 590, enter on line 1 of Form (without regard to the modified AGI you can show reasonable cause any nondeductible contributions -5-

6 from the appropriate lines of that the excess, if any, of the amount on line amount you would otherwise enter on worksheet. 1 over the contributions you actually line 6. If the result is zero or less, enter If you did not have any deductible made in contributions, you can make Example. You made contributions Example. You received a $30,000 nondeductible contributions up to your for 2008 of $2,000 in May 2008 and qualified disaster recovery assistance contribution limit. Enter on line 1 of $2,000 in January 2009, of which distribution on August 18, 2008, from Form 8606 your nondeductible $3,000 are deductible and $1,000 are your traditional IRA. On December 15, contributions. nondeductible. You choose $1,000 of 2008, you made a repayment of your contribution in 2008 to be Include on line 1 any repayment of a $15,000 to your traditional IRA. The nondeductible. You enter the $1,000 on qualified reservist distribution. Also, value of all your traditional, SEP, and line 1, but not line 4, and it becomes include any repayment of a qualified SIMPLE IRAs as of December 31, part of your basis for hurricane, disaster recovery assistance, 2008, was $50,000. You had no or recovery assistance distribution that Although the contributions to outstanding rollovers. You would enter is attributable to previously traditional IRAs for 2008 that you made $35,000 ($50,000 minus the $15,000 nondeductible contributions. from January 1, 2009, through April 15, repayment) on line , can be treated as nondeductible, Do not include on line 1 contributions they are not included in figuring the Line 7 that you had returned to you with the nontaxable part of any distributions you related earnings (or less any loss). See received in If you received a distribution in page 4.! 2008 from a traditional, SEP, or Line 6 CAUTION SIMPLE IRA, and you also Line 2 Enter the total value of all your made contributions for 2008 to a If this is the first year you are required traditional, SEP, and SIMPLE IRAs as traditional IRA that may not be fully to file Form 8606, enter -0-. Otherwise, of December 31, 2008, plus any deductible because of the income use the chart below to find the amount outstanding rollovers. A statement limits, you must make a special to enter on line 2. should be sent to you by January 31, computation before completing the rest However, you may need to enter an 2009, showing the value of each IRA of this form. For details, including how amount other than -0- or adjust the on December 31, However, if you to complete Form 8606, see Are amount from the chart if your basis recharacterized any amounts, enter on Distributions Taxable? in chapter 1 of changed because of any of the line 6 the total value taking into account Pub following. all recharacterizations, including Do not include any of the following You had a return of excess traditional recharacterizations made after on line 7. IRA contributions (see page 5). December 31, Distributions that you converted to a Incident to divorce, you transferred or For line 6, a rollover is a tax-free Roth IRA. received part or all of a traditional IRA distribution from one traditional, SEP, or Recharacterizations. (see the next to last bulleted item under SIMPLE IRA that is contributed to Distributions that you rolled over by Line 7 that begins on this page). another traditional, SEP, or SIMPLE December 31, 2008, and any You rolled over any nontaxable IRA. The rollover must be completed outstanding rollovers included on portion of your qualified employer plan within 60 days of receiving the line 6. to a traditional or SEP IRA. Include the distribution from the first IRA. An Distributions you rolled over to a nontaxable portion on line 2. outstanding rollover is any amount qualified employer plan. distributed in 2008 after November 1, A one-time distribution to fund an IF the last Form THEN enter on line 2008, that was rolled over in 2009, but HSA. For details, see Pub. 969, Health 8606 you filed was 2... within the 60-day rollover period. Savings Accounts and Other for... The IRS may waive the 60-day Tax-Favored Health Plans. 2007, 2006, 2005, The amount from requirement if failing to waive it would Qualified charitable distributions. For 2004, 2003, 2002, or line 14 of that Form be against equity or good conscience, details, see the instructions for Form such as situations where a casualty, 1040, lines 15a and 15b; Form 1040A, disaster, or other events beyond your lines 11a and 11b; or Form 1040NR, A year after 1992 The amount from reasonable control prevented you from lines 16a and 16b. and before 2001 line 12 of that Form meeting the 60-day requirement. Also, Distributions that are treated as a 8606 the 60-day period may be extended if return of contributions under Return of A year after 1988 The amount from you had a frozen deposit. See Pub. 590 IRA Contributions on page 4. and before 1993 line 14 of that Form for details. Distributions that are treated as a 8606 Note. Do not include a rollover from a return of excess contributions under traditional or SEP IRA to a qualified Return of Excess Traditional IRA 1988 The total of the employer plan even if it was an Contributions on page 5. amounts on lines 7 outstanding rollover. Distributions of excess contributions and 16 of that Form 8606 due to incorrect rollover information. If Also include on line 6, any qualified an excess contribution in your 1987 The total of the distributions you repaid before March 4, traditional IRA is the result of a rollover amounts on lines , if the distributions were to be from a qualified retirement plan and the and 13 of that Form used to purchase or construct a main excess occurred because the 8606 home in a Midwestern disaster area, information the plan was required to but the home was not purchased or give you was incorrect, the distribution constructed because of the severe of the excess contribution is not Line 4 storms, tornadoes, or flooding. See taxable. Attach a statement to your If you made contributions to traditional Pub B for more information. return explaining the distribution and IRAs for 2008 in 2008 and 2009 and Repayments of qualified disaster include the amount of the distribution you have both deductible and recovery assistance distributions on Form 1040, line 15a; Form 1040A, nondeductible contributions, you can and recovery assistance line 11a; or Form 1040NR, line 16a. choose to treat the contributions made distributions. Subtract the total See Pub. 590 for more details. in 2008 first as nondeductible amount of repayments of qualified Distributions that are incident to contributions and then as deductible disaster recovery assistance divorce. The transfer of part or all of contributions, or vice versa. But the distributions or recovery assistance your traditional, SEP, or SIMPLE IRA to amount on line 4 cannot be less than distributions you made in 2008 from the your spouse under a divorce or -6-

7 separation agreement is not taxable to tornadoes, or flooding in the 2 if you had completed that line) plus you or your spouse. If this transfer Midwestern disaster areas. On August any contributions included on line 1 that results in a change in the basis of the 18, 2008, your received a qualified you made before the conversion. traditional IRA of either spouse, both disaster recovery assistance spouses must file Form 8606 and show distribution (as a result of the severe Part III Distributions the increase or decrease in the amount storms, tornadoes, or flooding in a of basis on line 2. Attach a statement Midwestern disaster area) from your From Roth IRAs explaining this adjustment. Include in traditional IRA in the amount of Complete Part III to figure the taxable the statement the character of the $10,000. You would report $40,000 on part, if any, of your 2008 Roth IRA amounts in the traditional IRA, such as Form 8606, line 7. You would then distributions. the amount attributable to complete lines 8 through 14 as nondeductible contributions. Also, instructed. Form 8606, line 15a shows Line 19 include the name and social security an amount of $36,000. You would enter number of the other spouse. $9,000 ($36,000 x $10,000/$40,000) on Do not include on line 19 any of the Qualified distributions you repaid line 15b. You would also enter $9,000 following. before March 4, 2009, if the on Form 8930, line 13. Distributions that you rolled over, distributions were to be used to including distributions made in 2008 purchase or construct a main home in a Line 15c and rolled over after December 31, Midwestern disaster area, but the home 2008 (outstanding rollovers). If you were under age 59 1 /2 at the time was not purchased or constructed Recharacterizations. you received distributions from your because of the severe storms, Distributions that are a return of traditional, SEP, or SIMPLE IRA, there tornadoes, or flooding. See Pub. contributions under Return of IRA generally is an additional 10% tax on 4492-B for more information. Contributions on page 4. the portion of the distribution that is Distributions made on or after age Qualified disaster recovery included in income (25% for a 59 1 /2 if you made a contribution assistance distributions and distribution from a SIMPLE IRA during (including a conversion) for 2003 or an qualified recovery assistance the first 2 years). See the Instructions earlier year. distributions. Be sure to include on for Form 1040, line 59, or the A one-time distribution to fund an line 7, all qualified disaster recovery Instructions for Form 1040NR, line 54. HSA. For details, see Pub assistance distributions and all recovery Qualified charitable contributions. For assistance distributions you received, Part II 2008 details, see the instructions for Form even if they were later repaid. Conversions From 1040, lines 15a and 15b; Form 1040A, lines 11a and 11b; or Form 1040NR, Line 8 Traditional, SEP, or lines 16a and 16b. If, in 2008, you converted any amounts from traditional, SEP, or SIMPLE IRAs SIMPLE IRAs to Roth to a Roth IRA, enter on line 8 the net IRAs Distributions made upon death or due to disability if you made a contribution (including a conversion) for amount you converted. To figure that Complete Part II if you converted part 2003 or an earlier year. amount, subtract from the total amount or all of your traditional, SEP, or Distributions that are incident to converted in 2008 any portion that you SIMPLE IRAs to a Roth IRA in 2008, divorce. The transfer of part or all of recharacterized back to traditional, excluding any portion you your Roth IRA to your spouse under a SEP, or SIMPLE IRAs in 2008 or 2009 recharacterized. See item 1 under divorce or separation agreement is not (see Recharacterizations that begins on Reporting recharacterizations on taxable to you or your spouse. page 3). Do not take into account page 3 for details. Qualified distributions you repaid related earnings that were transferred before March 4, 2009, if the with the recharacterized amount or any Limit on number of conversions. If distributions were to be used to loss that occurred while the amount you converted an amount from a purchase or construct a main home in a was in the Roth IRA. See item 1 under traditional, SEP, or SIMPLE IRA to a Midwestern disaster area, but the home Reporting recharacterizations on Roth IRA in 2008 and then was not purchased or constructed page 3 for details. recharacterized the amount back to a because of the severe storms, traditional, SEP, or SIMPLE IRA, you tornadoes, or flooding. See Pub. Line 15b cannot reconvert that amount until the 4492-B for more information. If all your distributions are either later of January 1, 2009, or 30 days qualified disaster recovery assistance after the recharacterization. See Pub. Qualified disaster recovery distributions or qualified recovery 590 for details. assistance distributions and assistance distributions, enter the qualified recovery assistance You cannot convert any amount amount from line 15a on line 15b. If you distributions. Be sure to include on! to Roth IRAs in 2008 if (a) your have distributions unrelated to either line 19, all qualified disaster recovery CAUTION modified AGI for Roth IRA the Midwestern severe storms, assistance distributions and all recovery purposes (see page 2) is more than disaster distributions you received, tornadoes, or flooding; or the Kansas $100,000, or (b) your filing status is storms and tornadoes, as well as even if they were later repaid. married filing separately and you lived qualified disaster recovery assistance with your spouse at any time in If If, after considering the items above, distributions or qualified recovery you erroneously made a conversion, you do not have an amount to enter on assistance distributions, you will need you must recharacterize the converted line 19, do not complete Part III; your to multiply the amount on line 15a by a amount. See Recharacterizations that Roth IRA distribution(s) is not taxable. fraction. The numerator of the fraction begins on page 3. Instead, include your total Roth IRA is your total disaster recovery distribution(s) on Form 1040, line 15a; assistance distributions or recovery Line 16 Form 1040A, line 11a; or Form assistance distributions. The If you did not complete line 8, see the 1040NR, line 16a. denominator of the fraction is the instructions for that line. Then, enter on amount from Form 8606, line 7. See line 16 the amount you would have Line 20 the example below. entered on line 8 had you completed it. If you had a qualified first-time Example. You received a homebuyer distribution from your Roth distribution from your traditional IRA Line 17 IRA and you made a contribution (that you did not roll over) in the If you did not complete line 11, enter on (including a conversion) to a Roth IRA amount of $30,000 on April 1, 2008, line 17 the amount from line 2 (or the for 2003 or an earlier year, enter the unrelated to the severe storms, amount you would have entered on line amount of your qualified expenses on -7-

8 Basis in Regular Roth IRA Contributions Line 22 Line 24 Figure the amount to enter on line 24 IF the most recent year prior THEN enter on Form 8606, PLUS the total of all your as follows. to 2008 in which you took a line 22, this amount... regular contributions** to If you have never made a Roth IRA Roth IRA distribution* was... Roth IRAs for... conversion or rolled over an amount 2007 The excess of your 2007 Form 2008 from a qualified retirement plan to a (you had an amount on your 8606, line 22, over line 19 of Roth IRA, enter -0- on line Form 8606, line 19) that Form If you took a Roth IRA distribution (other than an amount rolled over or 2006 The excess of your 2006 Form 2007 and 2008 recharacterized or a returned (you had an amount on your 8606, line 22, over line 19 of contribution) before 2008 in excess of 2006 Form 8606, line 19) that Form your basis in regular Roth IRA 2005 The excess of your 2005 Form 2006 through 2008 contributions, use the chart on page 9 (you had an amount on your 8606, line 22, over line 19 of to figure the amount to enter on line Form 8606, line 19) that Form If you did not take such a distribution before 2008, enter on line 24 the total 2004 The excess of your 2004 Form 2005 through 2008 of all your conversions to Roth IRAs (you had an amount on your 8606, line 22, over line 19 of (other than amounts recharacterized) Form 8606, line 19) that Form These amounts are shown on line 14c 2003 The excess of your 2003 Form 2004 through 2008 of your 1998, 1999, and 2000 Forms (you had an amount on your 8606, line 20, over line 19 of 8606 and line 16 of your 2001 through 2003 Form 8606, line 19) that Form Forms Also include on line 24 any amounts rolled over from a 2002 The excess of your 2002 Form 2003 through 2008 qualified retirement plan to a Roth IRA (you had an amount on your 8606, line 20, over line 19 of for Form 8606, line 19) that Form Increase or decrease the amount on 2001 The excess of your 2001 Form 2002 through 2008 line 24 by any basis transferred or (you had an amount on your 8606, line 20, over line 19 of received incident to divorce. Also attach 2001 Form 8606, line 19) that Form a statement similar to the one explained in the next to last bulleted 2000 The excess of your 2000 Form 2001 through 2008 item under Line 7 that begins on page (you had an amount on your 8606, line 18d, over line 17 of Form 8606, line 17) that Form Line 25b 1999 The excess of your 1999 Form 2000 through 2008 (you had an amount on your 8606, line 18d, over line 17 of If all your distributions are either 1999 Form 8606, line 17) that Form qualified disaster recovery assistance distributions or qualified recovery 1998 The excess of your 1998 Form 1999 through 2008 assistance distributions, enter the (you had an amount on your 8606, line 19c, over line 18 of amount from line 25a on line 25b. If you 1998 Form 8606, line 18) that Form have distributions unrelated to either the Midwestern severe storms, Did not take a Roth IRA $ through 2008 tornadoes, or flooding; or the Kansas distribution* prior to 2008 storms and tornadoes, as well as *Excluding rollovers, recharacterizations, and contributions that you had returned to you. qualified disaster recovery assistance distributions or qualified recovery **Excluding rollovers, conversions, Roth IRA contributions that were recharacterized, and any assistance distributions, you will need contributions that you had returned to you. to multiply the amount on line 25a by a fraction. The numerator of the fraction line 20, but do not enter more than explained in the next to last bulleted is your total disaster recovery $10,000. item under Line 7 that begins on page assistance distributions or recovery 6. assistance distributions. The Increase the amount on line 22 by denominator of the fraction is the Line 22 the amounts received as a military amount from Form 8606, line 21. See Figure the amount to enter on line 22 gratuity or SGLI payment that was the example below. as follows. rolled over to your Roth IRA. Example. You received a If you did not take a Roth IRA Increase the amount on line 22 by distribution from your Roth IRA (that distribution before 2008 (other than an any amount received as qualified you did not roll over) in the amount of amount rolled over or recharacterized settlement income in connection with $30,000 on April 1, 2008, unrelated to or a returned contribution), enter on line the Exxon Valdez litigation and rolled the severe storms, tornadoes, or 22 the total of all your regular over to your Roth IRA. flooding in the Midwestern disaster contributions to Roth IRAs for 1998 areas. On August 18, 2008, you through 2008 (excluding rollovers from Line 23 received a qualified disaster recovery other Roth IRAs and any contributions Generally, there is an additional 10% assistance distribution (as a result of that you had returned to you), adjusted tax on 2008 distributions from a Roth the severe storms, tornadoes, or for any recharacterizations. IRA that are shown on line 23. The flooding in a Midwestern disaster area) If you did take such a distribution additional tax is figured on Form 5329, from your Roth IRA in the amount of before 2008, use the chart on this page Part I. See the instructions for Form $10,000. You would report total to figure the amount to enter. 5329, line 1, for details and exceptions. distributions of $40,000 on Form 8606, Increase the amount on line 22 by line 19. You have no first-time any amount rolled in from a designated Note. The additional 10% tax does not homebuyer expenses reported on line Roth account that is treated as apply to any qualified disaster recovery 20, so you would also enter $40,000 on investment in the contract. assistance distributions, see Form 8930 line 21. Your would then complete lines Increase or decrease the amount on for more details. The additional 10% tax 22 through 24 as instructed. Form line 22 by any basis transferred or also does not apply to any qualified 8606, line 25a shows an amount of received incident to divorce. Also attach recovery assistance distributions, see $20,000. You would enter $5,000 a statement similar to the one Pub A for more details. ($20,000 x $10,000/$40,000) on line -8-

9 Basis in Roth IRA Conversions and Rollovers From Qualified Retirement Plans to Roth IRAs Line 24 25b. You would also enter $9,000 on Form 8930, line 14. IF the most recent year THEN enter on Form 8606, line PLUS the sum of the Privacy Act and Paperwork prior to 2008 in which you 24, this amount... amounts*** on the Reduction Act Notice. We ask for the had a distribution* in following lines... information on this form to carry out the Internal Revenue laws of the United excess of your basis in States. We need this information to contributions was... ensure that you are complying with 2007 these laws and to allow us to figure and The excess, if any, of your 2007 Line 16 of your 2008 (your 2007 Form 8606, line collect the right amount of tax. You are Form 8606, line 24, over line 23** Form , was less than line 19 of required to give us this information if of that Form that Form 8606) you made certain contributions or received certain distributions from 2006 The excess, if any, of your 2006 Line 16 of your 2007 qualified plans, including IRAs, and (your 2006 Form 8606, line Form 8606, line 24, over line 23** and 2008 Forms 8606 other tax-favored accounts. Our legal 22, was less than line 19 of of that Form right to ask for the information that Form 8606) requested on this form is sections 6001, 6011, 6012(a), and 6109 and 2005 The excess, if any, of your 2005 Line 16 of your 2006 their regulations. The reason we need (your 2005 Form 8606, line Form 8606, line 24, over line 23** through 2008 your social security number is to secure 22, was less than line 19 of of that Form Forms 8606 proper identification in order to gain that Form 8606) access to the tax information in our files 2004 to properly process the form. If you do The excess, if any, of your 2004 Line 16 of your 2005 (your 2004 Form 8606, line not file this information, or provide Form 8606, line 24, over line 23** through , was less than line 19 of incomplete or false information, you of that Form Forms 8606 that Form 8606) may be subject to penalties. You are not required to provide the 2003 The excess, if any, of your 2003 Line 16 of your 2004 information requested on a form that is (you had an amount on your Form 8606, line 22, over line 21 of through 2008 subject to the Paperwork Reduction Act 2003 Form 8606, line 21) that Form Forms 8606 unless the form displays a valid OMB control number. Books or records 2002 The excess, if any, of your 2002 Line 16 of your 2003 relating to a form or its instructions (you had an amount on your Form 8606, line 22, over through 2008 must be retained as long as their 2002 Form 8606, line 21) line 21 of that Form Forms 8606 contents may become material in the 2001 The excess, if any, of your 2001 Line 16 of your 2002 administration of any Internal Revenue (you had an amount on your Form 8606, line 22, over through 2008 law. Generally, tax returns and return 2001 Form 8606, line 21) line 21 of that Form Forms 8606 information are confidential, as required by section However, we may give 2000 The excess, if any, of your 2000 Line 16 of your 2001 the information to the Department of (you had an amount on your Form 8606, line 25, over through 2008 Justice for civil and criminal litigation, 2000 Form 8606, line 19) line 19 of that Form Forms 8606 and to cities, states, and the District of Columbia to carry out their tax laws. We Line 14c of your The excess, if any, of your 1999 may also disclose this information to Form 8606 and line 16 (you had an amount on your Form 8606, line 25, over other countries under a tax treaty, to of your 2001 through 1999 Form 8606, line 19) line 19 of that Form federal and state agencies to enforce 2008 Forms 8606 federal nontax criminal laws, or to Line 14c of your 1999 federal law enforcement and 1998 The excess, if any, of your 1998 and 2000 Forms 8606 intelligence agencies to combat (you had an amount on your Form 8606, line 14c, over and line 16 of your terrorism Form 8606, line 20) line 20 of that Form through 2008 The average time and expenses Forms 8606 required to complete and file this form will vary depending on individual Line 14c of your 1998, circumstances. For the estimated Did not have such a 1999, and 2000 Forms The amount from your 2008 Form averages, see the instructions for your distribution in excess of your 8606 and line 16 of income tax return. 8606, line 16. basis in contributions your 2001 through If you have suggestions for making 2007 Forms 8606 this form simpler, we would be happy to *Excluding rollovers, recharacterizations, and contributions that you had returned to you. hear from you. See the instructions for your income tax return. **Refigure line 23 without taking into account any amount entered on Form 8606, line 20. *** Including amounts rolled over from qualified retirement plans to a Roth IRA in

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