| Publication 590 |
2008 Tax Year |
Form 8606 (2007) Page 2. Summary: This is an example of Form 8606 (2007), page 2, as pertains to the text. The line items completed are:
|
Under
“Part II: 2007 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 2007. Do not include amounts you later recharacterized back to traditional, SEP, or SIMPLE IRAs in 2007 or
2008 (see page 7 of the
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 page
7 of the
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
|
SEARCH:
You can search for information in the entire Tax Prep Help section, or in the entire site. For a more focused search, put your search word(s) in quotes.
Publication Index | Tax Prep Help Main | Home
|
