Form 8606 Nondeductible IRAs 2011

Summary: This is an example of Form 8606 (2011) 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 instructions. field contains Rose Green
Your social security number field contains 001-00-0000
Under Part I: Nondeductible Contributions to Traditional IRAs and Distributions From Traditional, SEP, and SIMPLE IRAs:
- 1. Enter your nondeductible contributions to traditional IRAs for 2011 including those made for 2011 from January 1, 2012 through April 17, 2012 field contains 500
- 2. Enter your total basis in traditional IRAs (see page 5 of the instructions) field contains 300
- 3. Add lines 1 and 2 field contains 800
- 4. Enter those contributions included on line 1 that were made from January 1, 2012, through April 17, 2012 field contains 0
- 5. Subtract line 4 from line 3 field contains 800
- 13. Add lines 11 and 12. This is the nontaxable portion of all your distributions field contains 460 Footnote: From Worksheet in Publication 590.
- 14. Subtract line 13 from line 3. This is your total basis in traditional IRAs for 2011 and earlier years field contains 340
- 15. Subtract line 12 from line 7. If more than zero, also include this amount on Form 1040, line 15b; Form 1040A, line 11b; or Form 1040NR, line 16b field contains 0
- Under Part II: 2011 Conversions From Traditional, SEP, or SIMPLE IRAs to Roth IRAs:
- 16. If you completed Part I, enter the amount from line 8. Otherwise, enter the net amount you converted from traditional, SEP, or SIMPLE IRAs to Roth IRAs in 2011. Do not include amounts you later recharacterized back to traditional, SEP, or SIMPLE IRAs in 2011 or 2012 (see instructions) field contains 5,000
- 17. If you completed Part I, enter the amount from line 11. Otherwise, enter your basis in the amount on line 16 (see instructions) field contains 460
- 18. Taxable amount. Subtract line 17 from line 16. Also include this amount on Form 1040, line 15b; Form 1040A, line 11b; or Form 1040NR, line 16b field contains 4,540 Footnote: From Worksheet in Publication 590.

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