Form 8606 - Nondeductible Iras - 1999
ADVERTISEMENT
1
2OMB No. 1545-1007
8606
Nondeductible IRAs
1999
Form
See separate instructions.
Attachment
Department of the Treasury
48
Attach to Form 1040, Form 1040A, or Form 1040NR.
(99)
Sequence No.
Internal Revenue Service
Name. If married, file a separate form for each spouse required to file Form 8606. See page 5 of the instructions.
Your social security number
Home address (number and street, or P.O. box if mail is not delivered to your home)
Apt. no.
Fill in Your Address Only
if You Are Filing This
Form by Itself and Not
City, town or post office, state, and ZIP code
With Your Tax Return
Part I
Traditional IRAs (Nondeductible Contributions, Distributions, and Basis)
Complete Part I if:
● You made nondeductible contributions to a traditional IRA for 1999,
● You received distributions from a traditional IRA in 1999 and you made nondeductible contributions to a traditional IRA in
1999 or an earlier year, or
● You converted part, but not all, of your traditional IRAs to Roth IRAs during 1999 and you made nondeductible contributions
to a traditional IRA in 1999 or an earlier year. See the instructions for lines 8, 11, and 15 for special computations.
1
Enter your nondeductible contributions to traditional IRAs for 1999, including those made for 1999
1
from January 1, 2000, through April 17, 2000. See page 5 of the instructions
2
2
Enter your total IRA basis for 1998 and earlier years. See page 5 of the instructions
3
3
Add lines 1 and 2
Did you receive
No
Enter the amount from line 3
any distributions
on line 12. Do not complete
(withdrawals)
the rest of Part I.
from traditional
Yes
Go to line 4.
IRAs in 1999?
4
Enter only those contributions included on line 1 that were made from January 1, 2000, through April
4
17, 2000. See page 5 of the instructions
5
5
Subtract line 4 from line 3
Enter the total value of ALL your traditional IRAs as of December 31,
6
6
1999, plus any outstanding rollovers. See page 5 of the instructions
7
Enter the total distributions you received from traditional IRAs in 1999.
7
Do not include rollovers. See page 5 of the instructions
8
Add lines 6 and 7. (But if you converted part
or all of your traditional IRAs to Roth IRAs in
1999, see page 5 of the instructions for the
8
amount to enter.)
9
Divide line 5 by line 8 and enter the result as a decimal (rounded to at
9
.
least 3 places). Do not enter more than “1.000”
10
10
Multiply line 7 by line 9. This is the amount of your nontaxable distributions for 1999
11
Subtract line 10 from line 5. (But if you converted part or all of your traditional IRAs to Roth IRAs in
1999, see page 6 of the instructions for the amount to enter.) This is your basis in traditional IRAs as
11
of December 31, 1999
12
12
Add lines 4 and 11. This is your total basis in traditional IRAs for 1999 and earlier years
13
Taxable distributions from traditional IRAs. Subtract line 10 from line 7. Enter the result here and
include it in the total on Form 1040, line 15b; Form 1040A, line 10b; or Form 1040NR, line 16b
13
Part II
1999 Conversions From Traditional IRAs to Roth IRAs
Caution: If your modified adjusted gross income is over $100,000 or you are married filing separately and you lived with your
spouse at any time in 1999, you cannot convert any amount from traditional IRAs to Roth IRAs for 1999. If you erroneously
made a conversion, you must recharacterize (correct) the conversion. See page 6 of the instructions for details.
14a
14
a
Enter the total amount that you converted from traditional IRAs to Roth IRAs in 1999
b
Recharacterizations. (These are corrections of amounts converted from traditional IRAs to Roth IRAs
14b
in 1999.) See page 3 of the instructions
14c
c
Subtract line 14b from line 14a. This is the net amount you converted to Roth IRAs in 1999
15
15
Enter your basis in the amount you entered on line 14c. See page 6 of the instructions
16
Taxable amount of conversions. Subtract line 15 from line 14c. Enter the result here and include
this amount in the total on Form 1040, line 15b; Form 1040A, line 10b; or Form 1040NR, line 16b
16
8606
For Paperwork Reduction Act Notice, see page 8.
Cat. No. 63966F
Form
(1999)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Legal