Roth ira worksheet for OFFICE2003 by shitingting

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									       distilled from 2011 IRS Form 8606: for reporting Roth
       non-qualified, early distributions

                                                                              my hypothetical
                                                                                  figures
            Line number and descr. from Form 8606                             year 2018

       skip lines 1-18 unless you had distributions From Traditional,
1-18 SEP, or SIMPLE IRAs, or did a conversion to a Roth in [current tax
       year]
 19    total of non-qualified Roth distributions                                $10,000
 20    qualified 1st time homebuyer expenses; max $10k                            $0
       19 minus 20; if zero or less enter 0, skip 22-24 and enter zero on
 21    25                                                                       $10,000
       accumulated "basis in Roth IRA contributions" see instructions
 22    below                                                                    $75,000
       21 minus 22; if zero or less enter 0, skip 24 & enter 0 on 25; if >0
 23    you may be subject to additional tax                                         $0          <------distribution amounts that are in excess of basis

 24    basis in conversions/rollovers from all trad IRA, SEP, etc to Roths

       23 minus 24; If zero or less enter 0. In that case, if you
       completed on 2010 [prior year] Form 8606 lines 20a&20b or                   $0           distribution amounts in excess of total basis
 25    25a&25b , go to line 26; otherwise skip 26-35.
 26                                                                                             <-------total of prior year Form 8606 lines 20a, 20b, 25a, and
 27
 28
 29
 30
 31
 32
 33
 34
 35
       Add 25+35. If >0, also put this amt on Form 1040. If 26>0,
       complete 37 & 38 to figure amount to include in income next                 $0           taxable amount
 36    year.
 37
 38
          Complete this part only if you took a distribution from your
 39
         designated Roth account in 2011 and, in 2010, you had an in-
 40         plan rollover to your designated Roth account and you
 41       completed lines 25a and 25b of your 2010 Form 8606 that
 42                  youfiled to report the in-plan rollover.
 43
 44
 45
 46
 47
 48
Line 22 Instructions: the very verbose text of the instructions boils down to the idea of
adding up all your past Roth contributions, less past years' total distributions of those
contributions from past Forms 8606.


Distributions are always deemed to follow a certain order ("Ordering Rules").
Basically, the IRS says that distributions will first be a return of all regular
contributions; second, a return of rollovers/conversions; and third, a return of
earnings within the Roth.
that are in excess of basis




 in excess of total basis (including conversions)

rm 8606 lines 20a, 20b, 25a, and 25b

								
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