Individual Retirement Arrangements (IRAs)

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Individual Retirement Arrangements (IRAs) - Roth IRA

Rev. date: 1/2009

There are no forms to report a Roth contribution.
The financial institution, which is the trustee of your Roth IRA, will send you and the Internal Revenue Service information on the amount in your Roth IRA.
Use Form 8606 (PDF), Nondeductible IRAs, if you made a nondeductible contribution:
- To a traditional IRA
- Converted from a traditional IRA, a SEP, or Simple IRA to a Roth IRA
- Received a distribution from a traditional IRA, a SEP, or a Simple IRA and made Nondeductible contributions to a traditional IRA
- Received a distribution from a Roth or traditional IRA

Rev. date: 1/2009

You can make a contribution to a SEP-IRA and a Roth IRA.
However, neither a SEP IRA or a SIMPLE IRA can be designated as a Roth IRA.
Your SEP IRA contribution and Roth IRA contribution can not be made to the same IRA.
If you have both a Roth IRA and a SEP IRA, it can affect the contribution limits.
See Chapter 2 of Publication 590, Individual Retirement Arrangements (IRAs), for the requirements to contribute to a SEP and a Roth IRA.


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