Form 8606 - Nondeductible Iras - 2014
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1
28606
Nondeductible IRAs
OMB No. 1545-0074
2014
Form
Information about Form 8606 and its separate instructions is at
▶
Department of the Treasury
Attach to Form 1040, Form 1040A, or Form 1040NR.
Attachment
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48
Internal Revenue Service (99)
Sequence No.
Your social security number
Name. If married, file a separate form for each spouse required to file Form 8606. See instructions.
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
City, town or post office, state, and ZIP code. If you have a foreign address, also complete the spaces below.
Form by Itself and Not
With Your Tax Return
Foreign country name
Foreign province/state/county
Foreign postal code
Part I
Nondeductible Contributions to Traditional IRAs and Distributions From Traditional, SEP, and SIMPLE IRAs
Complete this part only if one or more of the following apply.
• You made nondeductible contributions to a traditional IRA for 2014.
• You took distributions from a traditional, SEP, or SIMPLE IRA in 2014 and you made nondeductible contributions to a
traditional IRA in 2014 or an earlier year. For this purpose, a distribution does not include a rollover, one-time
distribution to fund an HSA, conversion, recharacterization, or return of certain contributions.
• You converted part, but not all, of your traditional, SEP, and SIMPLE IRAs to Roth IRAs in 2014 (excluding any portion
you recharacterized) and you made nondeductible contributions to a traditional IRA in 2014 or an earlier year.
1
Enter your nondeductible contributions to traditional IRAs for 2014, including those made for 2014
1
from January 1, 2015, through April 15, 2015 (see instructions) .
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2
Enter your total basis in traditional IRAs (see instructions) .
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2
3
Add lines 1 and 2 .
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3
No
Enter the amount from line 3 on line 14.
In 2014, did you take a distribution
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Do not complete the rest of Part I.
from traditional, SEP, or SIMPLE IRAs,
or make a Roth IRA conversion?
Yes
Go to line 4.
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4
Enter those contributions included on line 1 that were made from January 1, 2015, through April 15, 2015
4
5
5
Subtract line 4 from line 3
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6
Enter the value of all your traditional, SEP, and SIMPLE IRAs as of
December 31, 2014, plus any outstanding rollovers (see instructions) .
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6
7
Enter your distributions from traditional, SEP, and SIMPLE IRAs in
2014. Do not include rollovers, a one-time distribution to fund an HSA,
conversions to a Roth IRA, certain returned contributions, or
recharacterizations of traditional IRA contributions (see instructions)
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7
8
Enter the net amount you converted from traditional, SEP, and SIMPLE
IRAs to Roth IRAs in 2014. Do not include amounts converted that you
later recharacterized (see instructions). Also enter this amount on line 16 .
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9
9
Add lines 6, 7, and 8 .
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10
Divide line 5 by line 9. Enter the result as a decimal rounded to at least
×
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3 places. If the result is 1.000 or more, enter “1.000”
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10
11
Multiply line 8 by line 10. This is the nontaxable portion of the amount
you converted to Roth IRAs. Also enter this amount on line 17
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11
12
Multiply line 7 by line 10. This is the nontaxable portion of your
12
distributions that you did not convert to a Roth IRA .
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13
Add lines 11 and 12. This is the nontaxable portion of all your distributions
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13
14
Subtract line 13 from line 3. This is your total basis in traditional IRAs for 2014 and earlier years
14
15
Taxable amount. Subtract line 12 from line 7. If more than zero, also include this amount on Form
15
1040, line 15b; Form 1040A, line 11b; or Form 1040NR, line 16b .
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Note. You may be subject to an additional 10% tax on the amount on line 15 if you were under
age 59½ at the time of the distribution (see instructions).
8606
For Privacy Act and Paperwork Reduction Act Notice, see separate instructions.
Form
(2014)
Cat. No. 63966F
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