Form 8606 Nondeductible IRAs 2004. Summary: This is an example of Form 8606 (2004) with items included as described in the text. Additionally, these line items
are
completed:
“Name. If married, file a separate form for each spouse required to file Form 8606. See page 5 of the instructions.” field contains
Rose Green
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“Your social security number” field contains 001-00-0000
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Under
“Part I: Nondeductible Contributions to Traditional IRAs and Distributions From Traditional, SEP., and SIMPLE. IRAs”:
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“2. Enter your total basis in traditional IRAs for 2003 and earlier years (see page 6 of the instructions)” field contains
300
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“3. Add lines 1 and 2” field contains 800
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“4. Enter those contributions included on line 1 that were made from January 1, 2005, through April 15, 2005” field contains
0
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“5. Subtract line 4 from line 3” field contains 800
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“13. Add lines 11 and 12. This is the nontaxable portion of all your distributions” field contains 460 Footnote: From Worksheet in
Publication 590.
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“14. Subtract line 13 from line 3. This is your total basis in traditional IRAs for 2004 and earlier years” field contains
340
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“15. Taxable amount. Subtract line 12 from line 7. Also include this amount on Form 1040, line 15b; Form 1040A, line 11b; or
Form 1040NR, line
16b” field contains 0 Footnote: From Worksheet in Publication 590.
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