Publication 590: Individual Retirement Arrangements (IRAs); Index

This is archived information that pertains only to the 2003 Tax Year. If you
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Symbols

1-year waiting period, Waiting period between rollovers.
2-year rule, Two-year rule.
5-year rule, 5-year rule.
50 or older, Important Reminders
59½ years old, Age 59½ Rule
60-day time limit, Time Limit for Making a Rollover Contribution
70½ years old, Age 70½ rule.

A

Account balance, IRA account balance.

Additional taxes, What Acts Result in Penalties or Additional Taxes?

Adjusted gross income limit:

Filing status, Filing status.
Income from IRA distributions, Income from IRA distributions.
Modified AGI, Modified adjusted gross income (AGI)., Modified AGI.

Age limit:

Roth IRA, What is a Roth IRA?, Is there an age limit for contributions?
Traditional IRA, Who Can Set Up a Traditional IRA?, When Can Contributions Be Made?, Age 70½ rule.

Age:

50 or older, Important Reminders
59½ rule, Age 59½ Rule
70½ rule, Age 70½ rule.

Annuity, Annuity or endowment contracts., Distributions from individual retirement annuities., Distribution of an annuity contract from your IRA account., Annuity.

Annuity distributions:

From an insurance company, Annuity distributions from an insurance company.

B

Basis, Cost basis., Partly taxable., Basis of distributed property.

Beginning date, required, Distributions by the required beginning date.

Beneficiary:

An individual, Beneficiary an individual.
Change of, Change of beneficiary.
Date determined, Date the designated beneficiary is determined.
Distributions to, Distributions to beneficiaries.
Exception to additional tax, Beneficiary.
More than one, Multiple individual beneficiaries.
Not an individual, Beneficiary not an individual.
of IRA, What If You Inherit an IRA?
Of IRA, IRA Beneficiaries
Trust as, Trust as beneficiary.

Bonds, retirement, Individual Retirement Bonds, Cashing in retirement bonds.

Broker's commissions, Brokers' commissions., Brokers' commissions.

C

Change in marital status, Change in marital status.

Change of beneficiary, Change of beneficiary.

Collectibles, Collectibles.

Comments on publication, Comments and suggestions.

Commissions, brokers', Brokers' commissions., Brokers' commissions.

Community property, Community property laws.

Compensation:

Alimony and separate maintenance, Alimony and separate maintenance.
Commissions, Commissions.
Defined, What Is Compensation?
Employee, Compensation.
Roth IRA, Compensation.
Self-employment, Self-employment income., Self-employment loss., Self-employed individual compensation.
Wages, salaries, etc., Wages, salaries, etc.

Conduit IRA, IRA as a holding account (conduit IRA) for rollovers to other eligible plans.

Contribution limits:

More than one IRA, More than one IRA.
Reduced, Contribution limit reduced.
Roth IRA, Roth IRAs only.
SIMPLE IRA, How Much Can Be Contributed on Your Behalf?
Spousal IRA, Spousal IRA Limit
To traditional and Roth IRAs, Roth IRAs and traditional IRAs.
Traditional IRA, General Limit

Contributions:

And distributions in 2003, Both contributions for 2003 and distributions in 2003.
Annuity or endowment contracts, Annuity or endowment contracts.
Conversion, Allowable conversions.
Deductible, How Much Can You Deduct?
Deductible employee, Contributions you made to your employer's plan.
Designating the year, Designating year for which contribution is made.
Employee-elected, Salary reduction contributions limit.
Employer, Recharacterizing employer contributions., Recharacterizing employer contributions.
Employer matching, How Much Can Be Contributed on Your Behalf?
Excess, Excess Contributions
Filing before making your contribution, Filing before a contribution is made.
Filing status, Filing Status
Form of, How Much Can Be Contributed?
Less than maximum, Less Than Maximum Contributions
Matching (SIMPLE), Matching contributions.
More than maximum, More Than Maximum Contributions
Nondeductible, Nondeductible Contributions
Nonelective employer, Nonelective contributions., Nonelective employer contributions limit.
Not required, Contributions not required.
Recharacterizing, How Do You Recharacterize a Contribution?
Reporting deductible, Reporting Deductible Contributions
Roth IRA, Can You Contribute to a Roth IRA?
Salary reduction, How Are Contributions Made?
SIMPLE IRA, How Are Contributions Made?
Tax-free withdrawal, Contributions Returned Before Due Date of Return
To traditional and Roth IRAs, Roth IRAs and traditional IRAs.
Traditional IRA, How Much Can Be Contributed?
When to contribute, When Can Contributions Be Made?, When Can You Make Contributions?

Conversion contribution, Allowable conversions.

Conversions:

10% additional tax on early distributions, Allowable conversions.
Failed, Failed Conversions
From SIMPLE to Roth, Converting from a SIMPLE IRA.
From traditional to Roth, Converting From Any Traditional IRA Into a Roth IRA
Roth IRA, Conversions

Cost basis, Partly taxable.

Credit, for retirement savings contributions, Retirement Savings Contributions Credit

D

Deductible contributions, How Much Can You Deduct?

Deductible employee contributions (DECs), Contributions you made to your employer's plan.

Deduction limits:

Full deduction, Full deduction.
Reduced or no deduction, Reduced or no deduction.

Deduction phaseout, Deduction Phaseout

Deduction, federal estate tax, Federal estate tax deduction.

Defined:

Benefit plan, Defined benefit plan.
Contribution plan, Defined contribution plan.

Deposit, frozen, Extension of rollover period.

Designated beneficiary, Beneficiary an individual.

Disabled, Disabled.

Disclosures, required, Required Disclosures

Distribution period, Distribution period.

Distributions:

After death of owner, Owner Died On or After Required Beginning Date, Distributions After Owner's Death
Age 59½ rule, Age 59½ Rule
And contributions in 2003, Both contributions for 2003 and distributions in 2003.
Annuity contracts, Distribution of an annuity contract from your IRA account.
Beneficiaries, What If You Inherit an IRA?, Distributions to beneficiaries.
Beneficiary other than spouse, Inherited from someone other than spouse.
Exceptions to age 59½ rule, Exceptions
Fully or partly taxable, Distributions Fully or Partly Taxable
Income from, Income from IRA distributions.
Inherited IRAs, What If You Inherit an IRA?
Installments, Installments allowed.
Insufficient, Excess Accumulations (Insufficient Distributions)
Losses on Roth IRAs:, Recognizing Losses on Investments
Losses on traditional IRAs, Recognizing Losses on Traditional IRA Investments
Not qualified, Distributions that are not qualified distributions.
Ordering rules, Roth, Ordering Rules for Distributions
Partial rollovers, Partial rollovers.
Period, Figuring the Owner's Required Minimum Distribution
Periodic, Periodic distributions.
Qualified, What Are Qualified Distributions?
Reporting and withholding requirements, Reporting and Withholding Requirements for Taxable Amounts
Required, Required distributions., Required distributions., When Must You Withdraw Assets? (Required Minimum Distributions)
Retirement bonds, Cashing in retirement bonds.
Rollovers, Rollovers
Roth IRA, Are Distributions Taxable?, Distributions of conversion contributions within 5-year period., How Do You Figure the Taxable Part?
Surviving spouse, Distributions received by a surviving spouse.
Tax treatment, Are Distributions Taxable?, Are Distributions Taxable?

Divorce:

Qualified domestic relations order, Qualified domestic relations order.
Rollovers, Distributions under divorce or similar proceedings (alternate payees).
Transfer of interest, Transfers Incident To Divorce
Transfers incident to, Transfers Incident To Divorce

E

Early distributions:

Additional tax on, Early Distributions
Age 59½ rule, Age 59½ Rule
Annuity exception, Annuity.
Death exception, Beneficiary.
Defined, Early distributions defined.
Disability exception, Disabled.
Exceptions, Exceptions.
Exceptions to age 59½ rule, Exceptions
First home exception, First home.
Higher education exception, Higher education expenses.
Medical insurance exception, Medical insurance.
Tax, Early Distributions Tax
Unreimbursed medical expenses exception, Unreimbursed medical expenses.

Early Distributions:

Additional Tax on, Additional Tax on Early Distributions, Additional Tax on Early Distributions

Education expenses, Higher education expenses.

Eligible employees (SIMPLE), Eligible Employees

Eligible retirement plans, Eligible retirement plans.

Employees:

Eligible for SIMPLE, Eligible Employees
Excludable from SIMPLE, Excludable employees.

Employer and employee association trust accounts, Employer and Employee Association Trust Accounts

Employer plans:

Benefits from previous, Benefits from previous employer's plan.
Covered by, Covered by an employer retirement plan., Are You Covered by an Employer Plan?
Defined benefit plan, Defined benefit plan.
Defined contribution plan, Defined contribution plan.
If covered, Covered by a retirement plan.
If spouse covered, If your spouse is covered.
Limit if covered, Limit If Covered By Employer Plan
Nonvested employees, No vested interest., No vested interest.
Not covered, Situations in Which You Are Not Covered
Railroad retirement coverage, Social security or railroad retirement.
Reservists, Reservists.
Social security coverage, Social security or railroad retirement.
Volunteer firefighters, Volunteer firefighters.
Year(s) covered, For Which Year(s) Are You Covered?

Endowment contracts, Annuity or endowment contracts.

Estate tax, Federal estate tax deduction., Estate tax.

Excess:

Accumulations, Excess Accumulations (Insufficient Distributions), Tax on excess accumulations (insufficient distributions).
Contributions, Excess Contributions Tax, Excess Contributions, What If You Contribute Too Much?

F

Fiduciary, Fiduciary.

Filing status, Filing Status, Filing status.

Firefighters, volunteer, Volunteer firefighters.

First home, First home.

Form:

1099–R, Reporting and Withholding Requirements for Taxable Amounts, Form 1099–R.
5329, Early Distributions Tax, Additional 10% tax, Request to excuse the tax., Filing a tax return.
8606, Form 8606., Penalty for failure to file Form 8606., Transfers Incident To Divorce, Form 8606., Reporting your nontaxable distribution on Form 8606., Reporting and Withholding Requirements for Taxable Amounts
8880, How to figure and report the credit.
W–2, Are You Covered by an Employer Plan?

H

Home, first, First home.

How to:

Avoid failed conversion, How to avoid.
Figure the taxable part of a distribution that is not a qualified distribution from a Roth IRA, How Do You Figure the Taxable Part?
Figure your reduced IRA deduction, How To Figure Your Reduced IRA Deduction
Recharacterize a contribution, How Do You Recharacterize a Contribution?
Set up an IRA, How Can a Traditional IRA Be Set Up?
Treat withdrawn contributions, How to treat withdrawn contributions.
Treat withdrawn interest or other income, How to treat withdrawn interest or other income.

I

Important changes, Important Changes for 2003, Important Changes for 2003

Individual retirement account, Individual Retirement Account, Distributions from individual retirement account.

Individual retirement annuity, Individual Retirement Annuity, Distributions from individual retirement annuities.

Individual retirement arrangements (IRAs):

How to set up, How Can a Traditional IRA Be Set Up?
Roth IRA, Roth IRAs
SIMPLE IRA, Savings Incentive Match Plans for Employees (SIMPLE)
Traditional IRA, Traditional IRAs
When to set up, When Can a Traditional IRA Be Set Up?
Who can set up, Who Can Set Up a Traditional IRA?

Inherited IRAs:

Contributions, What If You Inherit an IRA?
Early distribution additional tax exception, Beneficiary.
Estate and other considerations, What If You Inherit an IRA?
From other than spouse, Inherited from someone other than spouse., Inherited IRAs.
From spouse, Inherited from spouse.
Rollovers, Inherited IRAs.
Taxation of distributions, What If You Inherit an IRA?

Insufficient distributions, Excess Accumulations (Insufficient Distributions), Tax on excess accumulations (insufficient distributions).

Investment in collectibles:

Collectibles defined, Collectibles.
Exception, Exception.

IRA deduction, how to figure reduced , How To Figure Your Reduced IRA Deduction

K

Keogh plans, Keogh plans and rollovers.

L

Life expectancy, Figuring the Owner's Required Minimum Distribution, Life expectancy.

Life insurance, Life insurance contract.

Limit:

Age, Age 70½ rule., Is there an age limit for contributions?
Contribution, General Limit, Can You Contribute to a Roth IRA?, How Much Can Be Contributed?
Contributions, How Much Can Be Contributed on Your Behalf?
Deduction, Full deduction.
Employer matching contributions, How Much Can Be Contributed on Your Behalf?, Matching employer contributions limit.
If covered by employer plan, Limit If Covered By Employer Plan
Modified AGI, Important Changes for 2003
Nonelective employer contributions, Nonelective employer contributions limit.
Salary reduction contributions, Salary reduction contributions limit.
Spousal IRA, Spousal IRA Limit
Time for rollover, Time Limit for Making a Rollover Contribution

Losses on IRAs:

Roth, Recognizing Losses on Investments
Traditional, Recognizing Losses on Traditional IRA Investments

M

Marital status, change in, Change in marital status.

Matching employer contributions limit, Matching employer contributions limit.

Medical:

Expenses, Unreimbursed medical expenses.
Insurance, Medical insurance.

Minimum distributions:

Distribution period, Which Table Do You Use To Determine Your Required Minimum Distribution?
From Roth IRA, Minimum distributions.
Life expectancy, Which Table Do You Use To Determine Your Required Minimum Distribution?
Miscellaneous rules, Miscellaneous Rules for Required Minimum Distributions
Which table to use, Which Table Do You Use To Determine Your Required Minimum Distribution?

Modified adjusted gross income:

Roth, Modified AGI.
Traditional, Modified adjusted gross income (AGI).

More than one IRA, More than one IRA.

N

Nondeductible contributions:

Basis, Cost basis.
Failure to report, Failure to report nondeductible contributions.
In general, Nondeductible Contributions
Otherwise deductible, Form 8606.
Penalty for overstatement, Penalty for overstatement.
Tax on early distributions, Nondeductible contributions.
Tax on earnings, Tax on earnings on nondeductible contributions.
Withdrawals, Earnings Includible in Income

P

Penalties:

Failure to file Form 8606, Penalty for failure to file Form 8606.
In general, What Acts Result in Penalties or Additional Taxes?
Overstatement of nondeductible contributions, Penalty for overstatement.
Prohibited transactions, Prohibited Transactions
Reporting, Reporting Additional Taxes

Prohibited transactions:

Borrowing on an annuity contract, Borrowing on an annuity contract.
Exemptions, Exempt Transactions
Investment in collectibles, Investment in Collectibles
Pledging an account as security, Pledging an account as security.
Taxes on, Taxes on prohibited transactions.

Q

Qualified distributions, Roth, What Are Qualified Distributions?
Qualified domestic relations order, Qualified domestic relations order.

R

Recharacterizations, Recharacterizations

Reconversions, Reconversions

Recordkeeping, Nondeductible Contributions

Reduced IRA deduction, how to figure, How To Figure Your Reduced IRA Deduction

Reporting:

A recharacterization, Reporting a Recharacterization
Additional taxes, Reporting Additional Taxes
Deductible contributions, Reporting Deductible Contributions
Nontaxable distribution on Form 8606, Reporting your nontaxable distribution on Form 8606.
Rollovers, Reporting rollovers from IRAs., Reporting rollovers from employer plans.
Tax on excess accumulations, Reporting the tax.
Taxable amounts, Reporting and Withholding Requirements for Taxable Amounts
Taxable distributions, Reporting taxable distributions on your return.

Required beginning date, Distributions by the required beginning date.

Required distributions:

Conversions, Required distributions.
In general, When Must You Withdraw Assets? (Required Minimum Distributions)
IRA owners, IRA Owners
Miscellaneous rules, Miscellaneous Rules for Required Minimum Distributions
Required beginning date, IRA Owners
Rollovers, Required distributions., Distributions not eligible for rollover.

Reservists, Reservists.

Retirement bonds, Individual Retirement Bonds, Rollover from bond purchase plan.

Retirement plans, eligible, Eligible retirement plans.

Retirement savings contributions credit, Retirement Savings Contributions Credit

Rollovers:

And transfers, Rollovers and Transfers Exception
Conduit IRA, IRA as a holding account (conduit IRA) for rollovers to other eligible plans.
Direct rollover option, Direct rollover option.
Distributions received by a surviving spouse, Distributions received by a surviving spouse.
Distributions under divorce proceedings, Distributions under divorce or similar proceedings (alternate payees).
Eligible rollover distribution, Eligible rollover distribution.
Extension of rollover period, Extension of rollover period.
From a Roth, Rollover From a Roth IRA
From an IRA, Important Reminders, Kinds of rollovers from a traditional IRA.
From employer's plan into an IRA, Rollover From Employer's Plan Into an IRA
From one IRA into another, Rollover From One IRA Into Another
From traditional to SIMPLE, Traditional IRA mistakenly moved to SIMPLE IRA., Traditional IRA mistakenly moved to SIMPLE IRA.
Frozen deposit, Extension of rollover period.
In general, Rollovers
Inherited, Inherited IRAs.
Keogh plans, Keogh plans and rollovers.
Life insurance, Life insurance contract.
Notice, Written explanation to recipients.
Partial, Partial rollovers.
Reporting, Reporting rollovers from IRAs., Reporting rollovers from employer plans.
Required distributions, Required distributions., Distributions not eligible for rollover.
Roth IRAs, Can You Move Amounts Into a Roth IRA?
Tax-sheltered annuity, Distribution from a tax-sheltered annuity.
Time limit, Time Limit for Making a Rollover Contribution
To an IRA, Kinds of rollovers to a traditional IRA.
Waiting period between, Waiting period between rollovers.
Withholding requirements, Withholding requirement.

Roth IRAs:

Age limit, Is there an age limit for contributions?
Compensation, Compensation.
Contribution limit, How Much Can Be Contributed?
Contribution limit reduced, Contribution limit reduced.
Contributions, Can You Contribute to a Roth IRA?
Conversions, Can You Move Amounts Into a Roth IRA?, Conversions
Defined, What is a Roth IRA?
Distributions, Are Distributions Taxable?
Excess contributions, What If You Contribute Too Much?
Maximum contribution limit, Roth IRAs only.
Modified AGI, Modified AGI.
Recharacterizations, Recharacterizations
Reconversions, Reconversions
Rollovers, Can You Move Amounts Into a Roth IRA?, Rollover From a Roth IRA
Spouse, Can you contribute to a Roth IRA for your spouse?
When to set up, When Can a Roth IRA Be Set Up?

S

Salary reduction arrangement, What Is a SIMPLE Plan?

Salary reduction contributions limit, Salary reduction contributions limit.

Savings Incentive Match Plans for Employees (SIMPLE) (see SIMPLE IRAs)

Section 501(c)(18) plan, General Limit, Spousal IRA Limit, Full deduction., Spousal IRA.

Self-employed person, Self-employed individual.

SIMPLE IRAs

Contributions, How Are Contributions Made?
Matching contributions, Matching contributions.
Nonelective contributions, Nonelective contributions.
Salary reduction contributions, How Are Contributions Made?

SIMPLE IRAs:

Conversion to Roth, Converting from a SIMPLE IRA.
In general, Savings Incentive Match Plans for Employees (SIMPLE)

SIMPLE Plan:

Defined, What Is a SIMPLE Plan?

Simplified Employee Pension:

Defined, Simplified Employee Pension (SEP)

Social security recipients, Social Security Recipients

Spousal IRA, Spousal IRA Limit, Spousal IRA., Can you contribute to a Roth IRA for your spouse?

Suggestions for publication, Comments and suggestions.

Surviving spouse, Inherited from spouse., Distributions received by a surviving spouse., Death of surviving spouse., Table I (Single Life Expectancy).

T

Table I (Single Life Expectancy), Table I (Single Life Expectancy)., Table I (Single Life Expectancy)., Appendices

Table II (Joint Life and Last Survivor Expectancy), Table II (Joint Life and Last Survivor Expectancy)., Table II (Joint Life and Last Survivor Expectancy)., Appendices

Table III (Uniform Lifetime), Table III (Uniform Lifetime)., Table III (Uniform Lifetime)., Appendices

Table not used, No table.

Tax year, Tax year.

Tax-free withdrawals, Contributions Returned Before Due Date of Return

Tax-sheltered annuity, Distribution from a tax-sheltered annuity.

Taxpayer Advocate, Contacting your Taxpayer Advocate.

Traditional IRAs:

As a holding account, IRA as a holding account (conduit IRA) for rollovers to other eligible plans.
Compensation, What Is Compensation?
Conduit, IRA as a holding account (conduit IRA) for rollovers to other eligible plans.
Contribution limits, General Limit
Contributions, How Much Can Be Contributed?
Disclosures, required, Required Disclosures
Divorce, Distributions under divorce or similar proceedings (alternate payees).
Example, comprehensive, Examples — Worksheet for Reduced IRA Deduction for 2003
Excess contributions, Excess Contributions
Inherited, What If You Inherit an IRA?, Inherited IRAs.
Kinds of IRAs, Kinds of traditional IRAs.
Limit if covered by plan, Limit If Covered By Employer Plan
Moving assets, Can You Move Retirement Plan Assets?
Rollovers, Rollovers
SEP-IRA, Simplified Employee Pension (SEP)
Social security recipients, Social Security Recipients
Transfers, Trustee-to-Trustee Transfer, Traditional IRA mistakenly moved to SIMPLE IRA., Traditional IRA mistakenly moved to SIMPLE IRA.
Transfers to Roth IRAs, Transfers to Roth IRAs.

Transfers:

And rollovers, Rollovers and Transfers Exception
Incident to divorce, Transfers Incident To Divorce
Rollovers, Rollovers
Trustee to trustee, Trustee-to-Trustee Transfer

Trust account, Employer and Employee Association Trust Accounts

Trust as beneficiary, Trust as beneficiary.

Trustee, same, Same trustee., Same trustee.

Trustee-to-trustee transfer, Trustee-to-Trustee Transfer

Trustees' fees, Trustees' fees., Trustees' fees.

Two-year rule, Two-year rule.

W

Withdrawals, When Can You Withdraw or Use Assets?, Contributions Returned Before Due Date of Return, When Must You Withdraw Assets? (Required Minimum Distributions), Excess Contributions Withdrawn After Due Date of Return, Withdrawals of contributions by due date., When Can You Withdraw or Use Assets?

Withholding:

IRA distributions delivered outside the United States, IRA distributions delivered outside the United States.
On rollover, Withholding.
Tax on distributions, Withholding.