Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

1040ez Forms Printable

Turbotax2010 Ez Tax FormTax Software For 2011How Far Back Can You File Taxes1040 InstructionsE File Form 1040ezFree Income TaxTax Amendment Form 2013Amending Tax ReturnsIrs 2012 Tax Forms 1040ez1040ez Form OnlineUs Irs Tax Forms1040 Ez OnlineH And R Block Login40 Ez FormTaxslayer Com Main Aspx DestinationWho Can Use 1040ez FormFederal Tax Forms 2011Free 2012 TaxesFile State Tax Returns FreeFile My 2010 Taxes OnlineTurbotax 2012 FreeForm 1040Free Income Tax FilingExtentionFree Turbotax 2012Where Amend 1040xDo State Taxes Online FreePa 1040ez2009 Tax Returns OnlineHelp Me File 1040ezFree E File 20121040ez Forms And InstructionsWww Irs Gov Form 1040xAmended Tax Return FormFree 2007 Taxes OnlineHow To File 2011 Taxes Online2010 Federal Tax Return Form2008 Tax ReturnEfile 1040nr

1040ez Forms Printable

1040ez forms printable 2. 1040ez forms printable   Roth IRAs Table of Contents What's New for 2013 What's New for 2014 Reminders Introduction What Is a Roth IRA? When Can a Roth IRA Be Opened? Can You Contribute to a Roth IRA?How Much Can Be Contributed? When Can You Make Contributions? What if You Contribute Too Much? Can You Move Amounts Into a Roth IRA?Conversions Rollover From Employer's Plan Into a Roth IRA Military Death Gratuities and Servicemembers' Group Life Insurance (SGLI) Payments Rollover From a Roth IRA Rollover of Exxon Valdez Settlement Income Rollover of Airline Payments Are Distributions Taxable?What Are Qualified Distributions? Additional Tax on Early Distributions Ordering Rules for Distributions How Do You Figure the Taxable Part? Must You Withdraw or Use Assets?Minimum distributions. 1040ez forms printable Recognizing Losses on Investments Distributions After Owner's Death What's New for 2013 Roth IRA contribution limit. 1040ez forms printable  If contributions on your behalf are made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $5,500, or Your taxable compensation for the year. 1040ez forms printable If you were age 50 or older before 2014 and contributions on your behalf were made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $6,500, or Your taxable compensation for the year. 1040ez forms printable However, if your modified adjusted gross income (AGI) is above a certain amount, your contribution limit may be reduced. 1040ez forms printable For more information, see How Much Can Be Contributed? under Can You Contribute to a Roth IRA? in this chapter. 1040ez forms printable Modified AGI limit for Roth IRA contributions increased. 1040ez forms printable  For 2013, your Roth IRA contribution limit is reduced (phased out) in the following situations. 1040ez forms printable Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $178,000. 1040ez forms printable You cannot make a Roth IRA contribution if your modified AGI is $188,000 or more. 1040ez forms printable Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2013 and your modified AGI is at least $112,000. 1040ez forms printable You cannot make a Roth IRA contribution if your modified AGI is $127,000 or more. 1040ez forms printable Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. 1040ez forms printable You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. 1040ez forms printable See Can You Contribute to a Roth IRA? in this chapter. 1040ez forms printable Net Investment Income Tax. 1040ez forms printable  For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 457(b) plans, and IRAs). 1040ez forms printable However, these distributions are taken into account when determining the modified adjusted gross income threshold. 1040ez forms printable Distributions from a nonqualified retirement plan are included in net investment income. 1040ez forms printable See Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts, and its instructions for more information. 1040ez forms printable What's New for 2014 Modified AGI limit for Roth IRA contributions increased. 1040ez forms printable  For 2014, your Roth IRA contribution limit is reduced (phased out) in the following situations. 1040ez forms printable Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $181,000. 1040ez forms printable You cannot make a Roth IRA contribution if your modified AGI is $191,000 or more. 1040ez forms printable Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2014 and your modified AGI is at least $114,000. 1040ez forms printable You cannot make a Roth IRA contribution if your modified AGI is $129,000 or more. 1040ez forms printable Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. 1040ez forms printable You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. 1040ez forms printable Reminders Deemed IRAs. 1040ez forms printable  For plan years beginning after 2002, a qualified employer plan (retirement plan) can maintain a separate account or annuity under the plan (a deemed IRA) to receive voluntary employee contributions. 1040ez forms printable If the separate account or annuity otherwise meets the requirements of an IRA, it will be subject only to IRA rules. 1040ez forms printable An employee's account can be treated as a traditional IRA or a Roth IRA. 1040ez forms printable For this purpose, a “qualified employer plan” includes: A qualified pension, profit-sharing, or stock bonus plan (section 401(a) plan), A qualified employee annuity plan (section 403(a) plan), A tax-sheltered annuity plan (section 403(b) plan), and A deferred compensation plan (section 457 plan) maintained by a state, a political subdivision of a state, or an agency or instrumentality of a state or political subdivision of a state. 1040ez forms printable Designated Roth accounts. 1040ez forms printable  Designated Roth accounts are separate accounts under 401(k), 403(b), or 457(b) plans that accept elective deferrals that are referred to as Roth contributions. 1040ez forms printable These elective deferrals are included in your income, but qualified distributions from these accounts are not included in your income. 1040ez forms printable Designated Roth accounts are not IRAs and should not be confused with Roth IRAs. 1040ez forms printable Contributions, up to their respective limits, can be made to Roth IRAs and designated Roth accounts according to your eligibility to participate. 1040ez forms printable A contribution to one does not impact your eligibility to contribute to the other. 1040ez forms printable See Publication 575, for more information on designated Roth accounts. 1040ez forms printable Introduction Regardless of your age, you may be able to establish and make nondeductible contributions to an individual retirement plan called a Roth IRA. 1040ez forms printable Contributions not reported. 1040ez forms printable   You do not report Roth IRA contributions on your return. 1040ez forms printable What Is a Roth IRA? A Roth IRA is an individual retirement plan that, except as explained in this chapter, is subject to the rules that apply to a traditional IRA (defined next). 1040ez forms printable It can be either an account or an annuity. 1040ez forms printable Individual retirement accounts and annuities are described in chapter 1 under How Can a Traditional IRA Be Opened. 1040ez forms printable To be a Roth IRA, the account or annuity must be designated as a Roth IRA when it is opened. 1040ez forms printable A deemed IRA can be a Roth IRA, but neither a SEP IRA nor a SIMPLE IRA can be designated as a Roth IRA. 1040ez forms printable Unlike a traditional IRA, you cannot deduct contributions to a Roth IRA. 1040ez forms printable But, if you satisfy the requirements, qualified distributions (discussed later) are tax free. 1040ez forms printable Contributions can be made to your Roth IRA after you reach age 70½ and you can leave amounts in your Roth IRA as long as you live. 1040ez forms printable Traditional IRA. 1040ez forms printable   A traditional IRA is any IRA that is not a Roth IRA or SIMPLE IRA. 1040ez forms printable Traditional IRAs are discussed in chapter 1. 1040ez forms printable When Can a Roth IRA Be Opened? You can open a Roth IRA at any time. 1040ez forms printable However, the time for making contributions for any year is limited. 1040ez forms printable See When Can You Make Contributions , later under Can You Contribute to a Roth IRA. 1040ez forms printable Can You Contribute to a Roth IRA? Generally, you can contribute to a Roth IRA if you have taxable compensation (defined later) and your modified AGI (defined later) is less than: $188,000 for married filing jointly or qualifying widow(er), $127,000 for single, head of household, or married filing separately and you did not live with your spouse at any time during the year, and $10,000 for married filing separately and you lived with your spouse at any time during the year. 1040ez forms printable You may be able to claim a credit for contributions to your Roth IRA. 1040ez forms printable For more information, see chapter 4. 1040ez forms printable Is there an age limit for contributions?   Contributions can be made to your Roth IRA regardless of your age. 1040ez forms printable Can you contribute to a Roth IRA for your spouse?   You can contribute to a Roth IRA for your spouse provided the contributions satisfy the Kay Bailey Hutchison Spousal IRA limit discussed in chapter 1 under How Much Can Be Contributed, you file jointly, and your modified AGI is less than $188,000. 1040ez forms printable Compensation. 1040ez forms printable   Compensation includes wages, salaries, tips, professional fees, bonuses, and other amounts received for providing personal services. 1040ez forms printable It also includes commissions, self-employment income, nontaxable combat pay, military differential pay, and taxable alimony and separate maintenance payments. 1040ez forms printable For more information, see What Is Compensation? under Who Can Open a Traditional IRA? in chapter 1. 1040ez forms printable Modified AGI. 1040ez forms printable   Your modified AGI for Roth IRA purposes is your adjusted gross income (AGI) as shown on your return with some adjustments. 1040ez forms printable Use Worksheet 2-1 , later, to determine your modified AGI. 1040ez forms printable    Do not subtract conversion income when figuring your other AGI-based phaseouts and taxable income, such as your deduction for medical and dental expenses. 1040ez forms printable Subtract them from AGI only for the purpose of figuring your modified AGI for Roth IRA purposes. 1040ez forms printable How Much Can Be Contributed? The contribution limit for Roth IRAs generally depends on whether contributions are made only to Roth IRAs or to both traditional IRAs and Roth IRAs. 1040ez forms printable Worksheet 2-1. 1040ez forms printable Modified Adjusted Gross Income for Roth IRA Purposes Use this worksheet to figure your modified adjusted gross income for Roth IRA purposes. 1040ez forms printable 1. 1040ez forms printable Enter your adjusted gross income from Form 1040, line 38; Form 1040A, line 22; or Form 1040NR, line 37 1. 1040ez forms printable   2. 1040ez forms printable Enter any income resulting from the conversion of an IRA (other than a Roth IRA) to a Roth IRA (included on Form 1040, line 15b, Form 1040A, line 11b, or Form 1040NR, line 16b) and a rollover from a qualified retirement plan to a Roth IRA (included on Form 1040, line 16b, Form 1040A, line 12b, or Form 1040NR, line 17b) 2. 1040ez forms printable   3. 1040ez forms printable Subtract line 2 from line 1 3. 1040ez forms printable   4. 1040ez forms printable Enter any traditional IRA deduction from Form 1040, line 32; Form 1040A, line 17; or Form 1040NR, line 32 4. 1040ez forms printable   5. 1040ez forms printable Enter any student loan interest deduction from Form 1040, line 33; Form 1040A, line 18; or Form 1040NR, line 33 5. 1040ez forms printable   6. 1040ez forms printable Enter any tuition and fees deduction from Form 1040, line 34, or Form 1040A, line 19 6. 1040ez forms printable   7. 1040ez forms printable Enter any domestic production activities deduction from Form 1040, line 35, or Form 1040NR, line 34 7. 1040ez forms printable   8. 1040ez forms printable Enter any foreign earned income exclusion and/or housing exclusion from Form 2555, line 45, or Form 2555-EZ, line 18 8. 1040ez forms printable   9. 1040ez forms printable Enter any foreign housing deduction from Form 2555, line 50 9. 1040ez forms printable   10. 1040ez forms printable Enter any excludable qualified savings bond interest from Form 8815, line 14 10. 1040ez forms printable   11. 1040ez forms printable Enter any excluded employer-provided adoption benefits from Form 8839, line 28 11. 1040ez forms printable   12. 1040ez forms printable Add the amounts on lines 3 through 11 12. 1040ez forms printable   13. 1040ez forms printable Enter: $188,000 if married filing jointly or qualifying widow(er), $10,000 if married filing separately and you lived with your spouse at any time during the year, or $127,000 for all others 13. 1040ez forms printable   Is the amount on line 12 more than the amount on line 13? If yes, see the note below. 1040ez forms printable  If no, the amount on line 12 is your modified adjusted gross income for Roth IRA purposes. 1040ez forms printable       Note. 1040ez forms printable If the amount on line 12 is more than the amount on line 13 and you have other income or loss items, such as social security income or passive activity losses, that are subject to AGI-based phaseouts, you can refigure your AGI solely for the purpose of figuring your modified AGI for Roth IRA purposes. 1040ez forms printable (If you receive social security benefits, use Worksheet 1 in Appendix B to refigure your AGI. 1040ez forms printable ) Then go to line 3 above in this Worksheet 2-1 to refigure your modified AGI. 1040ez forms printable If you do not have other income or loss items subject to AGI-based phaseouts, your modified adjusted gross income for Roth IRA purposes is the amount on line 12 above. 1040ez forms printable Roth IRAs only. 1040ez forms printable   If contributions are made only to Roth IRAs, your contribution limit generally is the lesser of: $5,500 ($6,500 if you are age 50 or older), or Your taxable compensation. 1040ez forms printable   However, if your modified AGI is above a certain amount, your contribution limit may be reduced, as explained later under Contribution limit reduced . 1040ez forms printable Roth IRAs and traditional IRAs. 1040ez forms printable   If contributions are made to both Roth IRAs and traditional IRAs established for your benefit, your contribution limit for Roth IRAs generally is the same as your limit would be if contributions were made only to Roth IRAs, but then reduced by all contributions for the year to all IRAs other than Roth IRAs. 1040ez forms printable Employer contributions under a SEP or SIMPLE IRA plan do not affect this limit. 1040ez forms printable   This means that your contribution limit is the lesser of: $5,500 ($6,500 if you are age 50 or older) minus all contributions (other than employer contributions under a SEP or SIMPLE IRA plan) for the year to all IRAs other than Roth IRAs, or Your taxable compensation minus all contributions (other than employer contributions under a SEP or SIMPLE IRA plan) for the year to all IRAs other than Roth IRAs. 1040ez forms printable   However, if your modified AGI is above a certain amount, your contribution limit may be reduced, as explained below under Contribution limit reduced . 1040ez forms printable   Simplified employee pensions (SEPs) are discussed in Publication 560. 1040ez forms printable Savings incentive match plans for employees (SIMPLEs) are discussed in chapter 3. 1040ez forms printable Repayment of reservist distributions. 1040ez forms printable   You can repay qualified reservist distributions even if the repayments would cause your total contributions to the Roth IRA to be more than the general limit on contributions. 1040ez forms printable However, the total repayments cannot be more than the amount of your distribution. 1040ez forms printable Note. 1040ez forms printable If you make repayments of qualified reservist distributions to a Roth IRA, increase your basis in the Roth IRA by the amount of the repayment. 1040ez forms printable For more information, see Qualified reservist repayments under How Much Can Be Contributed? in chapter 1. 1040ez forms printable Contribution limit reduced. 1040ez forms printable   If your modified AGI is above a certain amount, your contribution limit is gradually reduced. 1040ez forms printable Use Table 2-1, later, to determine if this reduction applies to you. 1040ez forms printable Table 2-1. 1040ez forms printable Effect of Modified AGI on Roth IRA Contribution This table shows whether your contribution to a Roth IRA is affected by the amount of your modified adjusted gross income (modified AGI). 1040ez forms printable IF you have taxable compensation and your filing status is . 1040ez forms printable . 1040ez forms printable . 1040ez forms printable AND your modified AGI is . 1040ez forms printable . 1040ez forms printable . 1040ez forms printable THEN . 1040ez forms printable . 1040ez forms printable . 1040ez forms printable married filing jointly or  qualifying widow(er) less than $178,000 you can contribute up to $5,500 ($6,500 if you are age 50 or older) as explained under How Much Can Be Contributed . 1040ez forms printable at least $178,000 but less than $188,000 the amount you can contribute is reduced as explained under Contribution limit reduced . 1040ez forms printable $188,000 or more you cannot contribute to a Roth IRA. 1040ez forms printable married filing separately and you lived with your spouse at any time during the year zero (-0-) you can contribute up to $5,500 ($6,500 if you are age 50 or older) as explained under How Much Can Be Contributed . 1040ez forms printable more than zero (-0-) but less than $10,000 the amount you can contribute is reduced as explained under Contribution limit reduced . 1040ez forms printable $10,000 or more you cannot contribute to a Roth IRA. 1040ez forms printable single, head of household,  or married filing separately and you did not live with your spouse at any time during the year less than $112,000 you can contribute up to $5,500 ($6,500 if you are age 50 or older) as explained under How Much Can Be Contributed . 1040ez forms printable at least $112,000 but less than $127,000 the amount you can contribute is reduced as explained under Contribution limit reduced . 1040ez forms printable $127,000 or more you cannot contribute to a Roth IRA. 1040ez forms printable Figuring the reduction. 1040ez forms printable   If the amount you can contribute must be reduced, use Worksheet 2-2, later, to figure your reduced contribution limit. 1040ez forms printable Worksheet 2-2. 1040ez forms printable Determining Your Reduced Roth IRA Contribution Limit Before using this worksheet, check Table 2-1, earlier, to determine whether or not your Roth IRA contribution limit is reduced. 1040ez forms printable If it is, use this worksheet to determine how much it is reduced. 1040ez forms printable 1. 1040ez forms printable Enter your modified AGI for Roth IRA purposes (Worksheet 2-1, line 12) 1. 1040ez forms printable   2. 1040ez forms printable Enter: $178,000 if filing a joint return or qualifying widow(er), $-0- if married filing a separate return and you lived with your spouse at any time in 2013, or $112,000 for all others 2. 1040ez forms printable   3. 1040ez forms printable Subtract line 2 from line 1 3. 1040ez forms printable   4. 1040ez forms printable Enter: $10,000 if filing a joint return or qualifying widow(er) or married filing a separate return and you lived with your spouse at any time during the year, or $15,000 for all others 4. 1040ez forms printable   5. 1040ez forms printable Divide line 3 by line 4 and enter the result as a decimal (rounded to at least three places). 1040ez forms printable If the result is 1. 1040ez forms printable 000 or more, enter 1. 1040ez forms printable 000 5. 1040ez forms printable   6. 1040ez forms printable Enter the lesser of: $5,500 ($6,500 if you are age 50 or older), or Your taxable compensation 6. 1040ez forms printable   7. 1040ez forms printable Multiply line 5 by line 6 7. 1040ez forms printable   8. 1040ez forms printable Subtract line 7 from line 6. 1040ez forms printable Round the result up to the nearest $10. 1040ez forms printable If the result is less than $200, enter $200 8. 1040ez forms printable   9. 1040ez forms printable Enter contributions for the year to other IRAs 9. 1040ez forms printable   10. 1040ez forms printable Subtract line 9 from line 6 10. 1040ez forms printable   11. 1040ez forms printable Enter the lesser of line 8 or line 10. 1040ez forms printable This is your reduced Roth IRA contribution limit 11. 1040ez forms printable      Round your reduced contribution limit up to the nearest $10. 1040ez forms printable If your reduced contribution limit is more than $0, but less than $200, increase the limit to $200. 1040ez forms printable Example. 1040ez forms printable You are a 45-year-old, single individual with taxable compensation of $113,000. 1040ez forms printable You want to make the maximum allowable contribution to your Roth IRA for 2013. 1040ez forms printable Your modified AGI for 2013 is $113,000. 1040ez forms printable You have not contributed to any traditional IRA, so the maximum contribution limit before the modified AGI reduction is $5,500. 1040ez forms printable You figure your reduced Roth IRA contribution of $5,140 as shown on Worksheet 2-2. 1040ez forms printable Example—Illustrated, later. 1040ez forms printable   Worksheet 2-2. 1040ez forms printable Example—Illustrated Before using this worksheet, check Table 2-1, earlier, to determine whether or not your Roth IRA contribution limit is reduced. 1040ez forms printable If it is, use this worksheet to determine how much it is reduced. 1040ez forms printable 1. 1040ez forms printable Enter your modified AGI for Roth IRA purposes (Worksheet 2-1, line 12) 1. 1040ez forms printable 113,000 2. 1040ez forms printable Enter: $178,000 if filing a joint return or qualifying widow(er), $-0- if married filing a separate return and you lived with your spouse at any time in 2013, or $112,000 for all others 2. 1040ez forms printable 112,000 3. 1040ez forms printable Subtract line 2 from line 1 3. 1040ez forms printable 1,000 4. 1040ez forms printable Enter: $10,000 if filing a joint return or qualifying widow(er) or married filing a separate return and you lived with your spouse at any time during the year, or $15,000 for all others 4. 1040ez forms printable 15,000 5. 1040ez forms printable Divide line 3 by line 4 and enter the result as a decimal (rounded to at least three places). 1040ez forms printable If the result is 1. 1040ez forms printable 000 or more, enter 1. 1040ez forms printable 000 5. 1040ez forms printable . 1040ez forms printable 067 6. 1040ez forms printable Enter the lesser of: $5,500 ($6,500 if you are age 50 or older), or Your taxable compensation 6. 1040ez forms printable 5,500 7. 1040ez forms printable Multiply line 5 by line 6 7. 1040ez forms printable 369 8. 1040ez forms printable Subtract line 7 from line 6. 1040ez forms printable Round the result up to the nearest $10. 1040ez forms printable If the result is less than $200, enter $200 8. 1040ez forms printable 5,140 9. 1040ez forms printable Enter contributions for the year to other IRAs 9. 1040ez forms printable 0 10. 1040ez forms printable Subtract line 9 from line 6 10. 1040ez forms printable 5,500 11. 1040ez forms printable Enter the lesser of line 8 or line 10. 1040ez forms printable This is your reduced Roth IRA contribution limit 11. 1040ez forms printable 5,140 When Can You Make Contributions? You can make contributions to a Roth IRA for a year at any time during the year or by the due date of your return for that year (not including extensions). 1040ez forms printable You can make contributions for 2013 by the due date (not including extensions) for filing your 2013 tax return. 1040ez forms printable This means that most people can make contributions for 2013 by April 15, 2014. 1040ez forms printable What if You Contribute Too Much? A 6% excise tax applies to any excess contribution to a Roth IRA. 1040ez forms printable Excess contributions. 1040ez forms printable   These are the contributions to your Roth IRAs for a year that equal the total of: Amounts contributed for the tax year to your Roth IRAs (other than amounts properly and timely rolled over from a Roth IRA or properly converted from a traditional IRA or rolled over from a qualified retirement plan, as described later) that are more than your contribution limit for the year (explained earlier under How Much Can Be Contributed? ), plus Any excess contributions for the preceding year, reduced by the total of: Any distributions out of your Roth IRAs for the year, plus Your contribution limit for the year minus your contributions to all your IRAs for the year. 1040ez forms printable Withdrawal of excess contributions. 1040ez forms printable   For purposes of determining excess contributions, any contribution that is withdrawn on or before the due date (including extensions) for filing your tax return for the year is treated as an amount not contributed. 1040ez forms printable This treatment only applies if any earnings on the contributions are also withdrawn. 1040ez forms printable The earnings are considered earned and received in the year the excess contribution was made. 1040ez forms printable   If you timely filed your 2013 tax return without withdrawing a contribution that you made in 2013, you can still have the contribution returned to you within 6 months of the due date of your 2013 tax return, excluding extensions. 1040ez forms printable If you do, file an amended return with “Filed pursuant to section 301. 1040ez forms printable 9100-2” written at the top. 1040ez forms printable Report any related earnings on the amended return and include an explanation of the withdrawal. 1040ez forms printable Make any other necessary changes on the amended return. 1040ez forms printable Applying excess contributions. 1040ez forms printable    If contributions to your Roth IRA for a year were more than the limit, you can apply the excess contribution in one year to a later year if the contributions for that later year are less than the maximum allowed for that year. 1040ez forms printable Can You Move Amounts Into a Roth IRA? You may be able to convert amounts from either a traditional, SEP, or SIMPLE IRA into a Roth IRA. 1040ez forms printable You may be able to roll over amounts from a qualified retirement plan to a Roth IRA. 1040ez forms printable You may be able to recharacterize contributions made to one IRA as having been made directly to a different IRA. 1040ez forms printable You can roll amounts over from a designated Roth account or from one Roth IRA to another Roth IRA. 1040ez forms printable Conversions You can convert a traditional IRA to a Roth IRA. 1040ez forms printable The conversion is treated as a rollover, regardless of the conversion method used. 1040ez forms printable Most of the rules for rollovers, described in chapter 1 under Rollover From One IRA Into Another , apply to these rollovers. 1040ez forms printable However, the 1-year waiting period does not apply. 1040ez forms printable Conversion methods. 1040ez forms printable   You can convert amounts from a traditional IRA to a Roth IRA in any of the following three ways. 1040ez forms printable Rollover. 1040ez forms printable You can receive a distribution from a traditional IRA and roll it over (contribute it) to a Roth IRA within 60 days after the distribution. 1040ez forms printable Trustee-to-trustee transfer. 1040ez forms printable You can direct the trustee of the traditional IRA to transfer an amount from the traditional IRA to the trustee of the Roth IRA. 1040ez forms printable Same trustee transfer. 1040ez forms printable If the trustee of the traditional IRA also maintains the Roth IRA, you can direct the trustee to transfer an amount from the traditional IRA to the Roth IRA. 1040ez forms printable Same trustee. 1040ez forms printable   Conversions made with the same trustee can be made by redesignating the traditional IRA as a Roth IRA, rather than opening a new account or issuing a new contract. 1040ez forms printable Income. 1040ez forms printable   You must include in your gross income distributions from a traditional IRA that you would have had to include in income if you had not converted them into a Roth IRA. 1040ez forms printable These amounts are normally included in income on your return for the year that you converted them from a traditional IRA to a Roth IRA. 1040ez forms printable If you must include any amount in your gross income, you may have to increase your withholding or make estimated tax payments. 1040ez forms printable See Publication 505, Tax Withholding and Estimated Tax. 1040ez forms printable More information. 1040ez forms printable   For more information on conversions, see Converting From Any Traditional IRA Into a Roth IRA in chapter 1. 1040ez forms printable Rollover From Employer's Plan Into a Roth IRA You can roll over into a Roth IRA all or part of an eligible rollover distribution you receive from your (or your deceased spouse's): Employer's qualified pension, profit-sharing, or stock bonus plan (including a 401(k) plan); Annuity plan; Tax-sheltered annuity plan (section 403(b) plan); or Governmental deferred compensation plan (section 457 plan). 1040ez forms printable Any amount rolled over is subject to the same rules for converting a traditional IRA into a Roth IRA. 1040ez forms printable See Converting From Any Traditional IRA Into a Roth IRA in chapter 1. 1040ez forms printable Also, the rollover contribution must meet the rollover requirements that apply to the specific type of retirement plan. 1040ez forms printable Rollover methods. 1040ez forms printable   You can roll over amounts from a qualified retirement plan to a Roth IRA in one of the following ways. 1040ez forms printable Rollover. 1040ez forms printable You can receive a distribution from a qualified retirement plan and roll it over (contribute) to a Roth IRA within 60 days after the distribution. 1040ez forms printable Since the distribution is paid directly to you, the payer generally must withhold 20% of it. 1040ez forms printable Direct rollover option. 1040ez forms printable Your employer's qualified plan must give you the option to have any part of an eligible rollover distribution paid directly to a Roth IRA. 1040ez forms printable Generally, no tax is withheld from any part of the designated distribution that is directly paid to the trustee of the Roth IRA. 1040ez forms printable Rollover by nonspouse beneficiary. 1040ez forms printable   If you are a designated beneficiary (other than a surviving spouse) of a deceased employee, you can roll over all or part of an eligible rollover distribution from one of the types of plans listed above into a Roth IRA. 1040ez forms printable You must make the rollover by a direct trustee-to-trustee transfer into an inherited Roth IRA. 1040ez forms printable   You will determine your required minimum distributions in years after you make the rollover based on whether the employee died before his or her required beginning date for taking distributions from the plan. 1040ez forms printable For more information, see Distributions after the employee’s death under Tax on Excess Accumulation in Publication 575. 1040ez forms printable Income. 1040ez forms printable   You must include in your gross income distributions from a qualified retirement plan that you would have had to include in income if you had not rolled them over into a Roth IRA. 1040ez forms printable You do not include in gross income any part of a distribution from a qualified retirement plan that is a return of contributions (after-tax contributions) to the plan that were taxable to you when paid. 1040ez forms printable These amounts are normally included in income on your return for the year of the rollover from the qualified employer plan to a Roth IRA. 1040ez forms printable If you must include any amount in your gross income, you may have to increase your withholding or make estimated tax payments. 1040ez forms printable See Publication 505, Tax Withholding and Estimated Tax. 1040ez forms printable For more information on eligible rollover distributions from qualified retirement plans and withholding, see Rollover From Employer's Plan Into an IRA in chapter 1. 1040ez forms printable Military Death Gratuities and Servicemembers' Group Life Insurance (SGLI) Payments If you received a military death gratuity or SGLI payment with respect to a death from injury that occurred after October 6, 2001, you can contribute (roll over) all or part of the amount received to your Roth IRA. 1040ez forms printable The contribution is treated as a qualified rollover contribution. 1040ez forms printable The amount you can roll over to your Roth IRA cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a Coverdell ESA or another Roth IRA. 1040ez forms printable Any military death gratuity or SGLI payment contributed to a Roth IRA is disregarded for purposes of the 1-year waiting period between rollovers. 1040ez forms printable The rollover must be completed before the end of the 1-year period beginning on the date you received the payment. 1040ez forms printable The amount contributed to your Roth IRA is treated as part of your cost basis (investment in the contract) in the Roth IRA that is not taxable when distributed. 1040ez forms printable Rollover From a Roth IRA You can withdraw, tax free, all or part of the assets from one Roth IRA if you contribute them within 60 days to another Roth IRA. 1040ez forms printable Most of the rules for rollovers, described in chapter 1 under Rollover From One IRA Into Another , apply to these rollovers. 1040ez forms printable However, rollovers from retirement plans other than Roth IRAs are disregarded for purposes of the 1-year waiting period between rollovers. 1040ez forms printable A rollover from a Roth IRA to an employer retirement plan is not allowed. 1040ez forms printable A rollover from a designated Roth account can only be made to another designated Roth account or to a Roth IRA. 1040ez forms printable If you roll over an amount from one Roth IRA to another Roth IRA, the 5-year period used to determine qualified distributions does not change. 1040ez forms printable The 5-year period begins with the first taxable year for which the contribution was made to the initial Roth IRA. 1040ez forms printable See What are Qualified Distributions , later. 1040ez forms printable Rollover of Exxon Valdez Settlement Income If you are a qualified taxpayer (defined in chapter 1, earlier) and you received qualified settlement income (defined in chapter 1, earlier), you can contribute all or part of the amount received to an eligible retirement plan which includes a Roth IRA. 1040ez forms printable The rules for contributing qualified settlement income to a Roth IRA are the same as the rules for contributing qualified settlement income to a traditional IRA with the following exception. 1040ez forms printable Qualified settlement income that is contributed to a Roth IRA, or to a designated Roth account, will be: Included in your taxable income for the year the qualified settlement income was received, and Treated as part of your cost basis (investment in the contract) in the Roth IRA that is not taxable when distributed. 1040ez forms printable For more information, see Rollover of Exxon Valdez Settlement Income in chapter 1. 1040ez forms printable Rollover of Airline Payments If you are a qualified airline employee (defined next), you may contribute any portion of an airline payment (defined below) you receive to a Roth IRA. 1040ez forms printable The contribution must be made within 180 days from the date you received the payment. 1040ez forms printable The contribution will be treated as a qualified rollover contribution. 1040ez forms printable The rollover contribution is included in income to the extent it would be included in income if it were not part of the rollover contribution. 1040ez forms printable Also, any reduction in the airline payment amount on account of employment taxes shall be disregarded when figuring the amount you can contribute to your Roth IRA. 1040ez forms printable Qualified airline employee. 1040ez forms printable    A current or former employee of a commercial airline carrier who was a participant in a qualified defined benefit plan maintained by the carrier which was terminated or became subject to restrictions under Section 402(b) of the Pension Protection Act of 2006. 1040ez forms printable These provisions also apply to surviving spouses of qualified airline employees. 1040ez forms printable Airline payment. 1040ez forms printable    An airline payment is any payment of money or other property that is paid to a qualified airline employee from a commercial airline carrier. 1040ez forms printable The payment also must be made both: Under the approval of an order of federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, and In respect of the qualified airline employee’s interest in a bankruptcy claim against the airline carrier, any note of the carrier (or amount paid in lieu of a note being issued), or any other fixed obligation of the carrier to pay a lump sum amount. 1040ez forms printable Any reduction in the airline payment amount on account of employment taxes shall be disregarded when figuring the amount you can roll over to your traditional IRA. 1040ez forms printable Also, an airline payment shall not include any amount payable on the basis of the airline carrier’s future earnings or profits. 1040ez forms printable Are Distributions Taxable? You do not include in your gross income qualified distributions or distributions that are a return of your regular contributions from your Roth IRA(s). 1040ez forms printable You also do not include distributions from your Roth IRA that you roll over tax free into another Roth IRA. 1040ez forms printable You may have to include part of other distributions in your income. 1040ez forms printable See Ordering Rules for Distributions , later. 1040ez forms printable Basis of distributed property. 1040ez forms printable   The basis of property distributed from a Roth IRA is its fair market value (FMV) on the date of distribution, whether or not the distribution is a qualified distribution. 1040ez forms printable Withdrawals of contributions by due date. 1040ez forms printable   If you withdraw contributions (including any net earnings on the contributions) by the due date of your return for the year in which you made the contribution, the contributions are treated as if you never made them. 1040ez forms printable If you have an extension of time to file your return, you can withdraw the contributions and earnings by the extended due date. 1040ez forms printable The withdrawal of contributions is tax free, but you must include the earnings on the contributions in income for the year in which you made the contributions. 1040ez forms printable What Are Qualified Distributions? A qualified distribution is any payment or distribution from your Roth IRA that meets the following requirements. 1040ez forms printable It is made after the 5-year period beginning with the first taxable year for which a contribution was made to a Roth IRA set up for your benefit, and The payment or distribution is: Made on or after the date you reach age 59½, Made because you are disabled (defined earlier), Made to a beneficiary or to your estate after your death, or One that meets the requirements listed under First home under Exceptions in chapter 1 (up to a $10,000 lifetime limit). 1040ez forms printable Additional Tax on Early Distributions If you receive a distribution that is not a qualified distribution, you may have to pay the 10% additional tax on early distributions as explained in the following paragraphs. 1040ez forms printable Distributions of conversion and certain rollover contributions within 5-year period. 1040ez forms printable   If, within the 5-year period starting with the first day of your tax year in which you convert an amount from a traditional IRA or rollover an amount from a qualified retirement plan to a Roth IRA, you take a distribution from a Roth IRA, you may have to pay the 10% additional tax on early distributions. 1040ez forms printable You generally must pay the 10% additional tax on any amount attributable to the part of the amount converted or rolled over (the conversion or rollover contribution) that you had to include in income (recapture amount). 1040ez forms printable A separate 5-year period applies to each conversion and rollover. 1040ez forms printable See Ordering Rules for Distributions , later, to determine the recapture amount, if any. 1040ez forms printable   The 5-year period used for determining whether the 10% early distribution tax applies to a distribution from a conversion or rollover contribution is separately determined for each conversion and rollover, and is not necessarily the same as the 5-year period used for determining whether a distribution is a qualified distribution. 1040ez forms printable See What Are Qualified Distributions , earlier. 1040ez forms printable   For example, if a calendar-year taxpayer makes a conversion contribution on February 25, 2013, and makes a regular contribution for 2012 on the same date, the 5-year period for the conversion begins January 1, 2013, while the 5-year period for the regular contribution begins on January 1, 2012. 1040ez forms printable   Unless one of the exceptions listed later applies, you must pay the additional tax on the portion of the distribution attributable to the part of the conversion or rollover contribution that you had to include in income because of the conversion or rollover. 1040ez forms printable   You must pay the 10% additional tax in the year of the distribution, even if you had included the conversion or rollover contribution in an earlier year. 1040ez forms printable You also must pay the additional tax on any portion of the distribution attributable to earnings on contributions. 1040ez forms printable Other early distributions. 1040ez forms printable   Unless one of the exceptions listed below applies, you must pay the 10% additional tax on the taxable part of any distributions that are not qualified distributions. 1040ez forms printable Exceptions. 1040ez forms printable   You may not have to pay the 10% additional tax in the following situations. 1040ez forms printable You have reached age 59½. 1040ez forms printable You are totally and permanently disabled. 1040ez forms printable You are the beneficiary of a deceased IRA owner. 1040ez forms printable You use the distribution to buy, build, or rebuild a first home. 1040ez forms printable The distributions are part of a series of substantially equal payments. 1040ez forms printable You have unreimbursed medical expenses that are more than 10% (or 7. 1040ez forms printable 5% if you or your spouse was born before January 2, 1949) of your adjusted gross income (defined earlier) for the year. 1040ez forms printable You are paying medical insurance premiums during a period of unemployment. 1040ez forms printable The distributions are not more than your qualified higher education expenses. 1040ez forms printable The distribution is due to an IRS levy of the qualified plan. 1040ez forms printable The distribution is a qualified reservist distribution. 1040ez forms printable Most of these exceptions are discussed earlier in chapter 1 under Early Distributions . 1040ez forms printable Please click here for the text description of the image. 1040ez forms printable Is Roth Distributions a Qualified Distribution? Ordering Rules for Distributions If you receive a distribution from your Roth IRA that is not a qualified distribution, part of it may be taxable. 1040ez forms printable There is a set order in which contributions (including conversion contributions and rollover contributions from qualified retirement plans) and earnings are considered to be distributed from your Roth IRA. 1040ez forms printable For these purposes, disregard the withdrawal of excess contributions and the earnings on them (discussed earlier under What if You Contribute Too Much ). 1040ez forms printable Order the distributions as follows. 1040ez forms printable Regular contributions. 1040ez forms printable Conversion and rollover contributions, on a first-in, first-out basis (generally, total conversions and rollovers from the earliest year first). 1040ez forms printable See Aggregation (grouping and adding) rules, later. 1040ez forms printable Take these conversion and rollover contributions into account as follows: Taxable portion (the amount required to be included in gross income because of the conversion or rollover) first, and then the Nontaxable portion. 1040ez forms printable Earnings on contributions. 1040ez forms printable Disregard rollover contributions from other Roth IRAs for this purpose. 1040ez forms printable Aggregation (grouping and adding) rules. 1040ez forms printable   Determine the taxable amounts distributed (withdrawn), distributions, and contributions by grouping and adding them together as follows. 1040ez forms printable Add all distributions from all your Roth IRAs during the year together. 1040ez forms printable Add all regular contributions made for the year (including contributions made after the close of the year, but before the due date of your return) together. 1040ez forms printable Add this total to the total undistributed regular contributions made in prior years. 1040ez forms printable Add all conversion and rollover contributions made during the year together. 1040ez forms printable For purposes of the ordering rules, in the case of any conversion or rollover in which the conversion or rollover distribution is made in 2013 and the conversion or rollover contribution is made in 2014, treat the conversion or rollover contribution as contributed before any other conversion or rollover contributions made in 2014. 1040ez forms printable Add any recharacterized contributions that end up in a Roth IRA to the appropriate contribution group for the year that the original contribution would have been taken into account if it had been made directly to the Roth IRA. 1040ez forms printable   Disregard any recharacterized contribution that ends up in an IRA other than a Roth IRA for the purpose of grouping (aggregating) both contributions and distributions. 1040ez forms printable Also disregard any amount withdrawn to correct an excess contribution (including the earnings withdrawn) for this purpose. 1040ez forms printable Example. 1040ez forms printable On October 15, 2009, Justin converted all $80,000 in his traditional IRA to his Roth IRA. 1040ez forms printable His Forms 8606 from prior years show that $20,000 of the amount converted is his basis. 1040ez forms printable Justin included $60,000 ($80,000 − $20,000) in his gross income. 1040ez forms printable On February 23, 2013, Justin made a regular contribution of $5,000 to a Roth IRA. 1040ez forms printable On November 8, 2013, at age 60, Justin took a $7,000 distribution from his Roth IRA. 1040ez forms printable The first $5,000 of the distribution is a return of Justin's regular contribution and is not includible in his income. 1040ez forms printable The next $2,000 of the distribution is not includible in income because it was included previously. 1040ez forms printable Figuring your recapture amount. 1040ez forms printable   If you had an early distribution from your Roth IRAs in 2013, you must allocate the early distribution by using the Recapture Amount—Allocation Chart, later. 1040ez forms printable Recapture Amount—Allocation Chart Enter the amount from your 2013 Form 8606, line 19   Before you begin: You will need your prior year Form(s) 8606 and income tax return(s) if you entered an amount on any line(s) as indicated below. 1040ez forms printable   You will now allocate the amount you entered above (2013 Form 8606, line 19) in the order shown, to the amounts on the lines listed below (to the extent a prior year distribution was not allocable to the amount). 1040ez forms printable The maximum amount you can enter on each line below is the amount entered on the referenced lines of the form for that year. 1040ez forms printable Note. 1040ez forms printable Once you have allocated the full amount from your 2013 Form 8606, line 19, STOP. 1040ez forms printable See the Example , earlier. 1040ez forms printable Tax Year Your Form 2013 Form 8606, line 20   Form 8606, line 22   1998 Form 8606, line 16   Form 8606, line 15   1999 Form 8606, line 16   Form 8606, line 15   2000 Form 8606, line 16   Form 8606, line 15   2001 Form 8606, line 18   Form 8606, line 17   2002 Form 8606, line 18   Form 8606, line 17   2003 Form 8606, line 18   Form 8606, line 17   2004 Form 8606, line 18   Form 8606, line 17   2005 Form 8606, line 18   Form 8606, line 17   2006 Form 8606, line 18   Form 8606, line 17   2007 Form 8606, line 18   Form 8606, line 17   2008 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2009 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2010 Form 8606, lines 18 and 23   Form 8606, lines 17 and 22   2011 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2012 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2013 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2013 Form 8606, line 25       *Only include those amounts rolled over to a Roth IRA. 1040ez forms printable  **Only include any contributions (usually Form 1099-R, box 5) that were taxable to you when made and rolled over to a Roth IRA. 1040ez forms printable Amount to include on Form 5329, line 1. 1040ez forms printable   Include on line 1 of your 2013 Form 5329 the following four amounts from the Recapture Amount—Allocation Chart that you filled out. 1040ez forms printable The amount you allocated to line 20 of your 2013 Form 8606. 1040ez forms printable The amount(s) allocated to your 2009 through 2013 Forms 8606, line 18, and your 2010 Form 8606, line 23. 1040ez forms printable The amount(s) allocated to your 2009, 2011, 2012, and 2013 Forms 1040, line 16b; Forms 1040A, line 12b; and Forms 1040NR, line 17b. 1040ez forms printable The amount from your 2013 Form 8606, line 25. 1040ez forms printable   Also, include any amount you allocated to line 20 of your 2013 Form 8606 on your 2013 Form 5329, line 2, and enter exception number 09. 1040ez forms printable Example. 1040ez forms printable Ishmael, age 32, opened a Roth IRA in 2000. 1040ez forms printable He made the maximum contributions to it every year. 1040ez forms printable In addition, he made the following transactions into his Roth IRA. 1040ez forms printable In 2005, he converted $10,000 from his traditional IRA into his Roth IRA. 1040ez forms printable He filled out a 2005 Form 8606 and attached it with his 2005 Form 1040. 1040ez forms printable He entered $0 on line 17 of Form 8606 because he took a deduction for all the contributions to the traditional IRA, therefore he has no basis. 1040ez forms printable He entered $10,000 on line 18 of Form 8606. 1040ez forms printable In 2011, he rolled over the entire balance of his qualified retirement plan, $20,000, into a Roth IRA when he changed jobs. 1040ez forms printable He used a 2011 Form 1040 to file his taxes. 1040ez forms printable He entered $20,000 on line 16a of Form 1040 because that was the amount reported in box 1 of his 2011 Form 1099-R. 1040ez forms printable Box 5 of his 2011 Form 1099-R reported $0 since he did not make any after-tax contributions to the qualified retirement plan. 1040ez forms printable He entered $20,000 on line 16b of Form 1040 since that is the taxable amount that was rolled over in 2011. 1040ez forms printable The total balance in his Roth IRA as of January 1, 2013 was $105,000 ($50,000 in contributions from 2000 through 2012 + $10,000 from the 2005 conversion + $20,000 from the 2011 rollover + $25,000 from earnings). 1040ez forms printable He has not taken any early distribution from his Roth IRA before 2013. 1040ez forms printable In 2013, he made the maximum contribution of $5,500 to his Roth IRA. 1040ez forms printable In August of 2013, he took a $85,500 early distribution from his Roth IRA to use as a down payment on the purchase of his first home. 1040ez forms printable See his filled out Illustrated Recapture Amount—Allocation Chart, later, to see how he allocated the amounts from the above transactions. 1040ez forms printable Based on his allocation, he would enter $20,000 on his 2013 Form 5329, line 1 (see Amount to include on Form 5329, line 1 , above). 1040ez forms printable He should also report $10,000 on his 2013 Form 5329, line 2, and enter exception 09 since that amount is not subject to the 10% additional tax on early distributions. 1040ez forms printable Illustrated Recapture Amount—Allocation Chart Enter the amount from your 2013 Form 8606, line 19 $85,500 Before you begin: You will need your prior year Form(s) 8606 and income tax return(s) if you entered an amount on any line(s) as indicated below. 1040ez forms printable   You will now allocate the amount you entered above (2013 Form 8606, line 19) in the order shown, to the amounts on the lines listed below (to the extent a prior year distribution was not allocable to the amount). 1040ez forms printable The maximum amount you can enter on each line below is the amount entered on the referenced lines of the form for that year. 1040ez forms printable Note. 1040ez forms printable Once you have allocated the full amount from your 2013 Form 8606, line 19, STOP. 1040ez forms printable See the Example , earlier. 1040ez forms printable Tax Year Your Form 2013 Form 8606, line 20 $10,000 Form 8606, line 22 $55,500 1998 Form 8606, line 16   Form 8606, line 15   1999 Form 8606, line 16   Form 8606, line 15   2000 Form 8606, line 16   Form 8606, line 15   2001 Form 8606, line 18   Form 8606, line 17   2002 Form 8606, line 18   Form 8606, line 17   2003 Form 8606, line 18   Form 8606, line 17   2004 Form 8606, line 18   Form 8606, line 17   2005 Form 8606, line 18 $10,000 Form 8606, line 17 $-0- 2006 Form 8606, line 18   Form 8606, line 17   2007 Form 8606, line 18   Form 8606, line 17   2008 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2009 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2010 Form 8606, lines 18 and 23   Form 8606, lines 17 and 22   2011 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b* $10,000 Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2012 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2013 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2013 Form 8606, line 25       *Only include those amounts rolled over to a Roth IRA. 1040ez forms printable  **Only include any contributions (usually Form 1099-R, box 5) that were taxable to you when made and rolled over to a Roth IRA. 1040ez forms printable How Do You Figure the Taxable Part? To figure the taxable part of a distribution that is not a qualified distribution, complete Form 8606, Part III. 1040ez forms printable Must You Withdraw or Use Assets? You are not required to take distributions from your Roth IRA at any age. 1040ez forms printable The minimum distribution rules that apply to traditional IRAs do not apply to Roth IRAs while the owner is alive. 1040ez forms printable However, after the death of a Roth IRA owner, certain of the minimum distribution rules that apply to traditional IRAs also apply to Roth IRAs as explained later under Distributions After Owner's Death . 1040ez forms printable Minimum distributions. 1040ez forms printable   You cannot use your Roth IRA to satisfy minimum distribution requirements for your traditional IRA. 1040ez forms printable Nor can you use distributions from traditional IRAs for required distributions from Roth IRAs. 1040ez forms printable See Distributions to beneficiaries , later. 1040ez forms printable Recognizing Losses on Investments If you have a loss on your Roth IRA investment, you can recognize the loss on your income tax return, but only when all the amounts in all of your Roth IRA accounts have been distributed to you and the total distributions are less than your unrecovered basis. 1040ez forms printable Your basis is the total amount of contributions in your Roth IRAs. 1040ez forms printable You claim the loss as a miscellaneous itemized deduction, subject to the 2%-of-adjusted-gross-income limit that applies to certain miscellaneous itemized deductions on Schedule A (Form 1040). 1040ez forms printable Any such losses are added back to taxable income for purposes of calculating the alternative minimum tax. 1040ez forms printable Distributions After Owner's Death If a Roth IRA owner dies, the minimum distribution rules that apply to traditional IRAs apply to Roth IRAs as though the Roth IRA owner died before his or her required beginning date. 1040ez forms printable See When Can You Withdraw or Use Assets? in chapter 1. 1040ez forms printable Distributions to beneficiaries. 1040ez forms printable   Generally, the entire interest in the Roth IRA must be distributed by the end of the fifth calendar year after the year of the owner's death unless the interest is payable to a designated beneficiary over the life or life expectancy of the designated beneficiary. 1040ez forms printable (See When Must You Withdraw Assets? (Required Minimum Distributions) in chapter 1. 1040ez forms printable )   If paid as an annuity, the entire interest must be payable over a period not greater than the designated beneficiary's life expectancy and distributions must begin before the end of the calendar year following the year of death. 1040ez forms printable Distributions from another Roth IRA cannot be substituted for these distributions unless the other Roth IRA was inherited from the same decedent. 1040ez forms printable   If the sole beneficiary is the spouse, he or she can either delay distributions until the decedent would have reached age 70½ or treat the Roth IRA as his or her own. 1040ez forms printable Combining with other Roth IRAs. 1040ez forms printable   A beneficiary can combine an inherited Roth IRA with another Roth IRA maintained by the beneficiary only if the beneficiary either: Inherited the other Roth IRA from the same decedent, or Was the spouse of the decedent and the sole beneficiary of the Roth IRA and elects to treat it as his or her own IRA. 1040ez forms printable Distributions that are not qualified distributions. 1040ez forms printable   If a distribution to a beneficiary is not a qualified distribution, it is generally includible in the beneficiary's gross income in the same manner as it would have been included in the owner's income had it been distributed to the IRA owner when he or she was alive. 1040ez forms printable   If the owner of a Roth IRA dies before the end of: The 5-year period beginning with the first taxable year for which a contribution was made to a Roth IRA set up for the owner's benefit, or The 5-year period starting with the year of a conversion contribution from a traditional IRA or a rollover from a qualified retirement plan to a Roth IRA, each type of contribution is divided among multiple beneficiaries according to the pro-rata share of each. 1040ez forms printable See Ordering Rules for Distributions , earlier in this chapter under Are Distributions Taxable. 1040ez forms printable Example. 1040ez forms printable When Ms. 1040ez forms printable Hibbard died in 2013, her Roth IRA contained regular contributions of $4,000, a conversion contribution of $10,000 that was made in 2009, and earnings of $2,000. 1040ez forms printable No distributions had been made from her IRA. 1040ez forms printable She had no basis in the conversion contribution in 2009. 1040ez forms printable When she established this Roth IRA (her first) in 2009, she named each of her four children as equal beneficiaries. 1040ez forms printable Each child will receive one-fourth of each type of contribution and one-fourth of the earnings. 1040ez forms printable An immediate distribution of $4,000 to each child will be treated as $1,000 from regular contributions, $2,500 from conversion contributions, and $500 from earnings. 1040ez forms printable In this case, because the distributions are made before the end of the applicable 5-year period for a qualified distribution, each beneficiary includes $500 in income for 2013. 1040ez forms printable The 10% additional tax on early distributions does not apply because the distribution was made to the beneficiaries as a result of the death of the IRA owner. 1040ez forms printable If distributions from an inherited Roth IRA are less than the required minimum distribution for the year, discussed in chapter 1 under When Must You Withdraw Assets? (Required Minimum Distributions), you may have to pay a 50% excise tax for that year on the amount not distributed as required. 1040ez forms printable For the tax on excess accumulations (insufficient distributions), see Excess Accumulations (Insufficient Distributions) under What Acts Result in Penalties or Additional Taxes? in chapter 1. 1040ez forms printable If this applies to you, substitute “Roth IRA” for “traditional IRA” in that discussion. 1040ez forms printable Prev  Up  Next   Home   More Online Publications
Español

The 1040ez Forms Printable

1040ez forms printable Index A Addition to property, Additions and Improvements Adjusted basis, Adjusted Basis Alternative Depreciation System (ADS) Recovery periods, Recovery Periods Under ADS Required use, Required use of ADS. 1040ez forms printable Amended return, Filing an Amended Return Apartment Cooperative, Cooperative apartments. 1040ez forms printable Rental, Which Property Class Applies Under GDS? Automobile (see Passenger automobile) B Basis Adjustments, Basis adjustment for depreciation allowed or allowable. 1040ez forms printable , Adjustment of partner's basis in partnership. 1040ez forms printable , Basis adjustment due to recapture of clean-fuel vehicle deduction or credit. 1040ez forms printable , Basis adjustment due to casualty loss. 1040ez forms printable Basis for depreciation, What Is the Basis for Depreciation? Casualty loss, Basis adjustment due to casualty loss. 1040ez forms printable Change in use, Property changed from personal use. 1040ez forms printable Cost, Cost as Basis Depreciable basis, Depreciable basis. 1040ez forms printable Other than cost, Other Basis Recapture of clean-fuel vehicle deduction or credit, Basis adjustment due to recapture of clean-fuel vehicle deduction or credit. 1040ez forms printable Term interest, Basis adjustments. 1040ez forms printable Unadjusted, Figuring the Unadjusted Basis of Your Property Business use of property, partial, Partial business or investment use. 1040ez forms printable Business-use limit, recapture of Section 179 deduction, When Must You Recapture the Deduction? Business-use requirement, listed property, What Is the Business-Use Requirement? C Car (see Passenger automobile) Carryover of section 179 deduction, Carryover of disallowed deduction. 1040ez forms printable Casualty loss, effect of, Basis adjustment due to casualty loss. 1040ez forms printable Changing accounting method, Changing Your Accounting Method Communication equipment (see Listed property) Commuting, Commuting use. 1040ez forms printable Computer (see Listed property) Computer software, Computer software. 1040ez forms printable , Off-the-shelf computer software. 1040ez forms printable Containers, Containers. 1040ez forms printable Conventions, Which Convention Applies? Cooperative apartment, Cooperative apartments. 1040ez forms printable Copyright, Patents and copyrights. 1040ez forms printable (see also Section 197 intangibles) Correcting depreciation deductions, How Do You Correct Depreciation Deductions? Cost basis, Cost as Basis D Declining balance Method, Declining Balance Method Rates, Declining balance rate. 1040ez forms printable Deduction limit Automobile, Do the Passenger Automobile Limits Apply? Section 179, How Much Can You Deduct? Depreciation Deduction Employee, Can Employees Claim a Deduction? Listed property, Can Employees Claim a Deduction? Determinable useful life, Property Having a Determinable Useful Life Excepted property, Excepted Property Incorrect amount deducted, How Do You Correct Depreciation Deductions? Methods, Which Depreciation Method Applies? Property lasting more than one year, Property Lasting More Than One Year Property owned, Property You Own Property used in business, Property Used in Your Business or Income-Producing Activity Recapture, Revoking an election. 1040ez forms printable , Recapture of Excess Depreciation Depreciation allowable, Basis adjustment for depreciation allowed or allowable. 1040ez forms printable Depreciation allowed, Basis adjustment for depreciation allowed or allowable. 1040ez forms printable Depreciation deduction Listed property, What Is the Business-Use Requirement? Determinable useful life, Property Having a Determinable Useful Life Disposition Before recovery period ends, Sale or Other Disposition Before the Recovery Period Ends General asset account property, Disposing of GAA Property Section 179 deduction, When Must You Recapture the Deduction? E Election ADS, Electing ADS. 1040ez forms printable , Election of ADS. 1040ez forms printable Declining balance (150% DB) method, 150% election. 1040ez forms printable Exclusion from MACRS, Election To Exclude Property From MACRS General asset account, Electing To Use a GAA Not to claim special depreciation allowance, How Can You Elect Not To Claim an Allowance? Section 179 deduction, How Do You Elect the Deduction? Straight line method, Straight line election. 1040ez forms printable Electric vehicle, Electric Vehicles Employee Depreciation deduction, Can Employees Claim a Deduction? How to claim depreciation, Employee. 1040ez forms printable Employee deduction, listed property, Can Employees Claim a Deduction? Energy property, Energy property. 1040ez forms printable Exchange of MACRS property, Property Acquired in a Like-kind Exchange or Involuntary Conversion F Farm Property, Depreciation Methods for Farm Property Figuring MACRS Using percentage tables, How Is the Depreciation Deduction Figured? Without using percentage tables, Figuring the Deduction Without Using the Tables Films, Films, video tapes, and recordings. 1040ez forms printable Free tax services, Free help with your tax return. 1040ez forms printable G General asset account Abusive transaction, Abusive transactions. 1040ez forms printable Disposing of property, Disposing of GAA Property Grouping property in, Grouping Property Nonrecognition transaction, Nonrecognition transactions. 1040ez forms printable General Depreciation System (GDS), recovery periods, Recovery Periods Under GDS Gift (see Basis, other than cost) H Help (see Tax help) I Idle property, Idle Property Improvements, How Do You Treat Repairs and Improvements?, Additions and Improvements Income forecast method, Income Forecast Method Incorrect depreciation deductions, How Do You Correct Depreciation Deductions? Indian reservation Defined, Indian reservation. 1040ez forms printable Qualified infrastructure property, Qualified infrastructure property. 1040ez forms printable Qualified property, Qualified property. 1040ez forms printable Recovery periods for qualified property, Indian Reservation Property Related person, Related person. 1040ez forms printable Inheritance (see Basis, other than cost) Intangible property Depreciation method, Intangible Property, Income Forecast Method Income forecast method, Income Forecast Method Straight line method, Intangible Property Inventory, Inventory. 1040ez forms printable Investment use of property, partial, Partial business or investment use. 1040ez forms printable Involuntary conversion of MACRS property, Property Acquired in a Like-kind Exchange or Involuntary Conversion L Land Not depreciable, Land Preparation costs, Land Leased property, Leased property. 1040ez forms printable Leasehold improvement property, defined, Qualified leasehold improvement property. 1040ez forms printable , Qualified leasehold improvement property. 1040ez forms printable Life tenant, Life tenant. 1040ez forms printable (see also Term interests) Limit on deduction Automobile, Do the Passenger Automobile Limits Apply? Section 179, How Much Can You Deduct? Listed property 5% owner, 5% owner. 1040ez forms printable Computer, Computers and Related Peripheral Equipment Condition of employment, Condition of employment. 1040ez forms printable Defined, What Is Listed Property? Employee deduction, Can Employees Claim a Deduction? Employer convenience, Employer's convenience. 1040ez forms printable Improvements to, Improvements to listed property. 1040ez forms printable Leased, Lessee's Inclusion Amount Passenger automobile, Passenger Automobiles Qualified business use, Qualified Business Use Recordkeeping, Adequate Records Related person, Related persons. 1040ez forms printable Reporting on Form 4562, How Is Listed Property Information Reported? Lodging, Property used for lodging. 1040ez forms printable M Maximum deduction Electric vehicles, Electric Vehicles Passenger automobiles, Maximum Depreciation Deduction Trucks, Trucks and Vans Vans, Trucks and Vans Mobile home (see Residential rental property) Modified ACRS (MACRS) Addition or improvement, Additions and Improvements Alternative Depreciation System (ADS), Which Depreciation System (GDS or ADS) Applies? Conventions, Which Convention Applies? Declining balance method, Declining Balance Method Depreciation methods, Which Depreciation Method Applies? Farm property, Depreciation Methods for Farm Property Figuring, short tax year, Property Placed in Service in a Short Tax Year General Depreciation System (GDS), Which Depreciation System (GDS or ADS) Applies? Percentage tables, Using the MACRS Percentage Tables Property classes, Which Property Class Applies Under GDS? Recovery periods, Which Recovery Period Applies? Short tax year, Figuring the Deduction for a Short Tax Year Straight line method, Straight Line Method N Nonresidential real property, Which Property Class Applies Under GDS? Nontaxable transfer of MACRS property, Property Acquired in a Nontaxable Transfer O Office in the home, Office in the home. 1040ez forms printable , Office in the home. 1040ez forms printable Ownership, incidents of, Incidents of ownership. 1040ez forms printable P Partial business use, Partial business use. 1040ez forms printable Passenger automobile Defined, Passenger Automobiles Electric vehicles, Electric Vehicles Limit on, Do the Passenger Automobile Limits Apply? Maximum depreciation deduction, Maximum Depreciation Deduction Trucks, Trucks and Vans Vans, Trucks and Vans Patent, Patents and copyrights. 1040ez forms printable (see also Section 197 intangibles) Personal property, Personal property. 1040ez forms printable Phonographic equipment (see Listed property) Photographic equipment (see Listed property) Placed in service Before 1987, Property You Placed in Service Before 1987 Date, What Is the Placed in Service Date? Rule, Placed in Service Property Classes, Which Property Class Applies Under GDS? Depreciable, What Property Can Be Depreciated? Idle, Idle Property Improvements, How Do You Treat Repairs and Improvements? Leased, Leased property. 1040ez forms printable , Leased property. 1040ez forms printable Listed, What Is Listed Property? Personal, Personal property. 1040ez forms printable Real, Real property. 1040ez forms printable Retired from service, Retired From Service Tangible personal, Tangible personal property. 1040ez forms printable Term interest, Certain term interests in property. 1040ez forms printable Q Qualified leasehold improvement property, defined, Qualified leasehold improvement property. 1040ez forms printable , Qualified leasehold improvement property. 1040ez forms printable Qualified property, special depreciation allowance, What Is Qualified Property? R Real property, Real property. 1040ez forms printable Recapture Clean-fuel vehicle deduction or credit, Basis adjustment due to recapture of clean-fuel vehicle deduction or credit. 1040ez forms printable General asset account, abusive transaction, Abusive transactions. 1040ez forms printable Listed property, Recapture of Excess Depreciation MACRS depreciation, Revoking an election. 1040ez forms printable Section 179 deduction, When Must You Recapture the Deduction? Special depreciation allowance, When Must You Recapture an Allowance? Recordkeeping Listed property, Adequate Records Section 179, How Do You Elect the Deduction? Recovery periods ADS, Recovery Periods Under ADS GDS, Recovery Periods Under GDS Related persons, Related persons. 1040ez forms printable , Related persons. 1040ez forms printable , Related persons. 1040ez forms printable , Related persons. 1040ez forms printable , Related person. 1040ez forms printable , Related persons. 1040ez forms printable Rent-to-own property, defined, Qualified rent-to-own property. 1040ez forms printable Rental home (see Residential rental property) Rented property, improvements, Improvements to rented property. 1040ez forms printable Repairs, How Do You Treat Repairs and Improvements? Residential rental property, Which Property Class Applies Under GDS? Retail motor fuels outlet, Retail motor fuels outlet. 1040ez forms printable Revoking ADS election, Electing ADS. 1040ez forms printable General asset account election, Revoking an election. 1040ez forms printable Section 179 election, Revoking an election. 1040ez forms printable S Sale of property, Sale or Other Disposition Before the Recovery Period Ends Section 179 deduction Business use required, Partial business use. 1040ez forms printable Carryover, Carryover of disallowed deduction. 1040ez forms printable Dispositions, When Must You Recapture the Deduction? Electing, How Do You Elect the Deduction? Limits Business (taxable) income, Business Income Limit Business-use, recapture, When Must You Recapture the Deduction? Dollar, Dollar Limits Enterprise zone business, Enterprise Zone Businesses Partial business use, Partial business use. 1040ez forms printable Married filing separate returns, Married Individuals Partnership rules, Partnerships and Partners Property Eligible, Eligible Property Excepted, Excepted Property Purchase required, Property Acquired by Purchase Recapture, When Must You Recapture the Deduction? Recordkeeping, How Do You Elect the Deduction? S corporation rules, S Corporations Settlement fees, Settlement costs. 1040ez forms printable Short tax year Figuring depreciation, Property Placed in Service in a Short Tax Year Figuring placed-in-service date, Using the Applicable Convention in a Short Tax Year Software, computer, Computer software. 1040ez forms printable , Off-the-shelf computer software. 1040ez forms printable Sound recording, Films, video tapes, and recordings. 1040ez forms printable Special depreciation allowance Election not to claim, How Can You Elect Not To Claim an Allowance? Qualified property, What Is Qualified Property? Recapture, When Must You Recapture an Allowance? Stock, constructive ownership of, Constructive ownership of stock or partnership interest. 1040ez forms printable Straight line method, Intangible Property, Straight Line Method Created intangibles, Certain created intangibles. 1040ez forms printable T Tangible personal property, Tangible personal property. 1040ez forms printable Term interest, Certain term interests in property. 1040ez forms printable Trade-in of property, Trade-in of other property. 1040ez forms printable Trucks, Trucks and Vans U Unadjusted basis, Figuring the Unadjusted Basis of Your Property Useful life, Property Having a Determinable Useful Life V Vans, Trucks and Vans Video tape, Films, video tapes, and recordings. 1040ez forms printable Video-recording equipment (see Listed property) W When to use ADS, Which Depreciation System (GDS or ADS) Applies? Worksheet Leased listed property, Inclusion amount worksheet. 1040ez forms printable MACRS, MACRS Worksheet Prev  Up     Home   More Online Publications