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State Tax Form

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State Tax Form

State tax form Index A Adopted child, Adopted child. State tax form Adoption taxpayer identification number (ATIN), Married child. State tax form Age test (see Qualifying child) Alaska Permanent Fund dividends, Rule 6—Your Investment Income Must Be $3,300 or Less Alimony, Income That Is Not Earned Income Annuities, Income That Is Not Earned Income Armed forces, Nontaxable military pay. State tax form , Military personnel stationed outside the United States. State tax form , Temporary absences. State tax form , Joint Return Test, Military personnel stationed outside the United States. State tax form , Nontaxable combat pay. State tax form Assistance (see Tax help) B Basic Allowance for Housing (BAH), Nontaxable military pay. State tax form Basic Allowance for Subsistence (BAS), Nontaxable military pay. State tax form C Child Adopted child, Adopted child. State tax form Birth or death of, Birth or death of child. State tax form Foster child, Relationship Test, Foster child. State tax form , Rule 10—You Cannot Be a Qualifying Child of Another Taxpayer, Kidnapped child, Kidnapped child. State tax form Married child, Married child. State tax form Child support, Income That Is Not Earned Income Clergy, Clergy. State tax form Combat zone pay, Nontaxable combat pay. State tax form Community property, Community property. State tax form , Community property. State tax form D Detailed examples, Chapter 6—Detailed Examples Disability benefits, Disability Benefits Disallowance of the EIC, Chapter 5—Disallowance of the EIC Dividend income, Income That Is Not Earned Income Divorced parents, special rule, Special rule for divorced or separated parents (or parents who live apart). State tax form Domestic partner, Nevada, Washington, and California domestic partners. State tax form E Earned income, Rule 7—You Must Have Earned Income, Earned Income Earned income credit (EIC), EIC Table EITC Assistant, Is There Help Online? Extended active duty, Extended active duty. State tax form , Military personnel stationed outside the United States. State tax form F Figuring EIC yourself, Chapter 4—Figuring and Claiming the EIC, How To Figure the EIC Yourself Filing status: Head of household, Rule 3—Your Filing Status Cannot Be Married Filing Separately Married filing separately, Rule 3—Your Filing Status Cannot Be Married Filing Separately Forms: 1040, Do I Need This Publication?, Adjusted gross income (AGI). State tax form , No SSN. State tax form , Form 1040. State tax form 1040A, Adjusted gross income (AGI). State tax form , No SSN. State tax form , Form 1040A. State tax form 1040EZ, Adjusted gross income (AGI). State tax form , No SSN. State tax form , Form 1040EZ. State tax form 1040X, Rule 2—You Must Have a Valid Social Security Number (SSN), Filing deadline approaching and still no SSN. State tax form 2555, Rule 5—You Cannot File Form 2555 or Form 2555-EZ 2555–EZ, Rule 5—You Cannot File Form 2555 or Form 2555-EZ 4029, Minister's housing. State tax form , Approved Form 4361 or Form 4029, Form 4029. State tax form 4361, Minister's housing. State tax form , Approved Form 4361 or Form 4029, Form 4361. State tax form 4797, Do I Need This Publication? 4868, Filing deadline approaching and still no SSN. State tax form 8814, Do I Need This Publication? 8862, Chapter 5—Disallowance of the EIC, Form 8862 Foster care payments, Income That Is Not Earned Income Foster child, Relationship Test, Foster child. State tax form , Rule 10—You Cannot Be a Qualifying Child of Another Taxpayer, Fraud, Exception 2. State tax form , Are You Prohibited From Claiming the EIC for a Period of Years? Free tax services, Free help with your tax return. State tax form H Head of household, Community property. State tax form , Spouse did not live with you. State tax form , Community property. State tax form , Rule 9—Your Qualifying Child Cannot Be Used by More Than One Person To Claim the EIC, Applying Rule 9 to divorced or separated parents (or parents who live apart). State tax form Help (see Tax help) Home Homeless shelter, Rule 14—You Must Have Lived in the United States More Than Half of the Year Military, Rule 14—You Must Have Lived in the United States More Than Half of the Year United States, Rule 14—You Must Have Lived in the United States More Than Half of the Year Homeless, Homeless shelter. State tax form , Homeless shelter. State tax form I Income that is not earned income, Income That Is Not Earned Income Individual taxpayer identification number (ITIN), Other taxpayer identification number. State tax form , Married child. State tax form Inmate, Earnings while an inmate. State tax form , Figuring earned income. State tax form Interest, Income That Is Not Earned Income Investment income, Rule 6—Your Investment Income Must Be $3,300 or Less IRS can figure EIC for you, IRS Will Figure the EIC for You J Joint return test (see Qualifying child) K Kidnapped child, Kidnapped child. State tax form M Married child, Married child. State tax form Married filing a joint return, Rule 4—You Must Be a U. State tax form S. State tax form Citizen or Resident Alien All Year Married filing separately, Spouse did not live with you. State tax form Military Combat pay, Nontaxable military pay. State tax form Nontaxable pay, Nontaxable military pay. State tax form Outside U. State tax form S. State tax form , Military personnel stationed outside the United States. State tax form Minister, Net earnings from self-employment. State tax form , Minister's housing. State tax form , Church employees. State tax form N Net earnings, self-employment, Net earnings from self-employment. State tax form Nonresident alien, Rule 4—You Must Be a U. State tax form S. State tax form Citizen or Resident Alien All Year, Step 1. State tax form O Online help EITC Assistant, Is There Help Online? P Parents, divorced or separated, Married child. State tax form , Examples. State tax form , Special rule for divorced or separated parents (or parents who live apart). State tax form Passive activity, Worksheet 1. State tax form Investment Income If You Are Filing Form 1040 Pensions, Income That Is Not Earned Income Permanently and totally disabled, Permanently and totally disabled. State tax form Prisoner, Figuring earned income. State tax form Publications (see Tax help) Q Qualifying child, Can I Claim the EIC?, Do I Have To Have A Child To Qualify For The EIC?, Chapter 2—Rules If You Have a Qualifying Child Age test, Rule 8—Your Child Must Meet the Relationship, Age, Residency, and Joint Return Tests, Age Test Home, Residency Test Joint return test, Rule 8—Your Child Must Meet the Relationship, Age, Residency, and Joint Return Tests Permanently and totally disabled, Permanently and totally disabled. State tax form Relationship test, Rule 8—Your Child Must Meet the Relationship, Age, Residency, and Joint Return Tests Residency test, Residency Test United States, Residency Test R Railroad retirement benefits, Income That Is Not Earned Income Registered domestic partner, Nevada, Washington, and California domestic partners. State tax form Relationship test (see Qualifying child) Reminders, Reminders Residency test (see Qualifying child) S Salaries, wages, and tips, Earned Income, Wages, salaries, and tips. State tax form , Earned Income Schedules: C, EIC Worksheet A. State tax form , EIC Worksheet B. State tax form C-EZ, EIC Worksheet A. State tax form , EIC Worksheet B. State tax form EIC, Chapter 2—Rules If You Have a Qualifying Child, Kidnapped child. State tax form , Figuring earned income. State tax form , Nontaxable combat pay. State tax form , How To Figure the EIC Yourself, When to use the optional methods of figuring net earnings. State tax form , Schedule EIC SE, Figuring earned income. State tax form , Clergy. State tax form , Church employees. State tax form , EIC Worksheet A. State tax form , EIC Worksheet B. State tax form , Net earnings from self-employment $400 or more. State tax form , When to use the optional methods of figuring net earnings. State tax form , When both spouses have self-employment income. State tax form School, School defined. State tax form Self-employed persons, Rule 7—You Must Have Earned Income, Figuring earned income. State tax form , EIC Worksheet B. State tax form Self-employment income, Earned Income Self-employment tax, Net earnings from self-employment $400 or more. State tax form Separated parents, special rule, Married child. State tax form Social security benefits, Income That Is Not Earned Income Social security number (SSN), Rule 2—You Must Have a Valid Social Security Number (SSN), Valid for work only with INS authorization or DHS authorization. State tax form , No SSN. State tax form , Getting an SSN. State tax form , Married child. State tax form , Exception for math or clerical errors. State tax form Statutory employee, Statutory employee. State tax form , Figuring earned income. State tax form , EIC Worksheet A. State tax form , Statutory employees. State tax form Strike benefits, Strike benefits. State tax form Student, Student defined. State tax form T Tax help, How To Get Tax Help Taxpayer identification number Adoption identification number (ATIN), Married child. State tax form Individual taxpayer identification number (ITIN), Other taxpayer identification number. State tax form Social security number (SSN), Other taxpayer identification number. State tax form Tiebreaker rules, Tiebreaker rules. State tax form Tips, wages, and salaries, Earned Income, Wages, salaries, and tips. State tax form , Earned Income TTY/TDD information, How To Get Tax Help U Unemployment compensation, Income That Is Not Earned Income United States, United States. State tax form V Veterans' benefits, Income That Is Not Earned Income W Wages, salaries, and tips, Earned Income, Wages, salaries, and tips. State tax form , Earned Income Welfare benefits, Income That Is Not Earned Income Workers' compensation benefits, Income That Is Not Earned Income Workfare payments, Workfare payments. State tax form Worksheet 1, Worksheet 1. State tax form Investment Income If You Are Filing Form 1040 Worksheet 2, Worksheet 2. 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Forms: Bureau of Alcohol, Tobacco, Firearms, and Explosives Forms

The State Tax Form

State tax form 17. State tax form   Individual Retirement Arrangements (IRAs) Table of Contents What's New Reminders Introduction Useful Items - You may want to see: Traditional IRAsWho Can Open a Traditional IRA? When and How Can a Traditional IRA Be Opened? How Much Can Be Contributed? When Can Contributions Be Made? How Much Can You Deduct? Nondeductible Contributions Inherited IRAs Can You Move Retirement Plan Assets? When Can You Withdraw or Use IRA Assets? When Must You Withdraw IRA Assets? (Required Minimum Distributions) Are Distributions Taxable? What Acts Result in Penalties or Additional Taxes? Roth IRAsWhat Is a Roth IRA? When Can a Roth IRA Be Opened? Can You Contribute to a Roth IRA? Can You Move Amounts Into a Roth IRA? Are Distributions Taxable? What's New Traditional IRA contribution and deduction limit. State tax form  The contribution limit to your traditional IRA for 2013 will be increased to the smaller of the following amounts: $5,500, or Your taxable compensation for the year. State tax form If you were age 50 or older before 2014, the most that can be contributed to your traditional IRA for 2013 will be the smaller of the following amounts: $6,500, or Your taxable compensation for the year. State tax form For more information, see How Much Can Be Contributed? later. State tax form Roth IRA contribution limit. State tax form  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. State tax form 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. State tax form However, if your modified adjusted gross income (AGI) is above a certain amount, your contribution limit may be reduced. State tax form For more information, see How Much Can Be Contributed? under Can You Contribute to a Roth IRA? later. State tax form Modified AGI limit for traditional IRA contributions increased. State tax form  For 2013, if you were covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $95,000 but less than $115,000 for a married couple filing a joint return or a qualifying widow(er), More than $59,000 but less than $69,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. State tax form If you either lived with your spouse or file a joint return, and your spouse was covered by a retirement plan at work, but you were not, your deduction is phased out if your modified AGI is more than $178,000 but less than $188,000. State tax form If your modified AGI is $188,000 or more, you cannot take a deduction for contributions to a traditional IRA. State tax form See How Much Can You Deduct , later. State tax form Modified AGI limit for Roth IRA contributions increased. State tax form  For 2013, your Roth IRA contribution limit is reduced (phased out) in the following situations. State tax form Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $178,000. State tax form You cannot make a Roth IRA contribution if your modified AGI is $188,000 or more. State tax form 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. State tax form You cannot make a Roth IRA contribution if your modified AGI is $127,000 or more. State tax form 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-. State tax form You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. State tax form See Can You Contribute to a Roth IRA , later. State tax form Net Investment Income Tax. State tax form   For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan including IRAs (for example; 401(a), 403(a), 403(b), 408, 408A, or 457(b) plans). State tax form However, these distributions are taken into account when determining the modified adjusted gross income threshold. State tax form Distributions from a nonqualified retirement plan are included in net investment income. State tax form See Form 8960, Net Investment Income Tax - Individuals, Estates, and Trusts, and its instructions for more information. State tax form Name change. State tax form  All spousal IRAs have been renamed Kay Bailey Hutchison Spousal IRAs. State tax form There are no changes to the rules regarding these IRAs. State tax form See Kay Bailey Hutchison Spousal IRA Limit , later, for more information. State tax form Reminders 2014 limits. State tax form   You can find information about the 2014 contribution and AGI limits in Publication 590. State tax form Contributions to both traditional and Roth IRAs. State tax form   For information on your combined contribution limit if you contribute to both traditional and Roth IRAs, see Roth IRAs and traditional IRAs under How Much Can Be Contributed? in Roth IRAs, later. State tax form Statement of required minimum distribution. State tax form  If a minimum distribution from your IRA is required, the trustee, custodian, or issuer that held the IRA at the end of the preceding year must either report the amount of the required minimum distribution to you, or offer to calculate it for you. State tax form The report or offer must include the date by which the amount must be distributed. State tax form The report is due January 31 of the year in which the minimum distribution is required. State tax form It can be provided with the year-end fair market value statement that you normally get each year. State tax form No report is required for IRAs of owners who have died. State tax form IRA interest. State tax form  Although interest earned from your IRA is generally not taxed in the year earned, it is not tax-exempt interest. State tax form Tax on your traditional IRA is generally deferred until you take a distribution. State tax form Do not report this interest on your tax return as tax-exempt interest. State tax form Form 8606. State tax form   To designate contributions as nondeductible, you must file Form 8606, Nondeductible IRAs. State tax form The term “50 or older” is used several times in this chapter. State tax form It refers to an IRA owner who is age 50 or older by the end of the tax year. State tax form Introduction An individual retirement arrangement (IRA) is a personal savings plan that gives you tax advantages for setting aside money for your retirement. State tax form This chapter discusses the following topics. State tax form The rules for a traditional IRA (any IRA that is not a Roth or SIMPLE IRA). State tax form The Roth IRA, which features nondeductible contributions and tax-free distributions. State tax form Simplified Employee Pensions (SEPs) and Savings Incentive Match Plans for Employees (SIMPLEs) are not discussed in this chapter. State tax form For more information on these plans and employees' SEP IRAs and SIMPLE IRAs that are part of these plans, see Publications 560 and 590. State tax form For information about contributions, deductions, withdrawals, transfers, rollovers, and other transactions, see Publication 590. State tax form Useful Items - You may want to see: Publication 560 Retirement Plans for Small Business 590 Individual Retirement Arrangements (IRAs) Form (and Instructions) 5329 Additional Taxes on Qualified Plans (including IRAs) and Other Tax-Favored Accounts 8606 Nondeductible IRAs Traditional IRAs In this chapter, the original IRA (sometimes called an ordinary or regular IRA) is referred to as a “traditional IRA. State tax form ” A traditional IRA is any IRA that is not a Roth IRA or a SIMPLE IRA. State tax form Two advantages of a traditional IRA are: You may be able to deduct some or all of your contributions to it, depending on your circumstances, and Generally, amounts in your IRA, including earnings and gains, are not taxed until they are distributed. State tax form Who Can Open a Traditional IRA? You can open and make contributions to a traditional IRA if: You (or, if you file a joint return, your spouse) received taxable compensation during the year, and You were not age 70½ by the end of the year. State tax form What is compensation?   Generally, compensation is what you earn from working. State tax form Compensation includes wages, salaries, tips, professional fees, bonuses, and other amounts you receive for providing personal services. State tax form The IRS treats as compensation any amount properly shown in box 1 (Wages, tips, other compensation) of Form W-2, Wage and Tax Statement, provided that amount is reduced by any amount properly shown in box 11 (Nonqualified plans). State tax form   Scholarship and fellowship payments are compensation for this purpose only if shown in box 1 of Form W-2. State tax form   Compensation also includes commissions and taxable alimony and separate maintenance payments. State tax form Self-employment income. State tax form   If you are self-employed (a sole proprietor or a partner), compensation is the net earnings from your trade or business (provided your personal services are a material income-producing factor) reduced by the total of: The deduction for contributions made on your behalf to retirement plans, and The deductible part of your self-employment tax. State tax form   Compensation includes earnings from self-employment even if they are not subject to self-employment tax because of your religious beliefs. State tax form Nontaxable combat pay. State tax form   For IRA purposes, if you were a member of the U. State tax form S. State tax form Armed Forces, your compensation includes any nontaxable combat pay you receive. State tax form What is not compensation?   Compensation does not include any of the following items. State tax form Earnings and profits from property, such as rental income, interest income, and dividend income. State tax form Pension or annuity income. State tax form Deferred compensation received (compensation payments postponed from a past year). State tax form Income from a partnership for which you do not provide services that are a material income-producing factor. State tax form Conservation Reserve Program (CRP) payments reported on Schedule SE (Form 1040), line 1b. State tax form Any amounts (other than combat pay) you exclude from income, such as foreign earned income and housing costs. State tax form When and How Can a Traditional IRA Be Opened? You can open a traditional IRA at any time. State tax form However, the time for making contributions for any year is limited. State tax form See When Can Contributions Be Made , later. State tax form You can open different kinds of IRAs with a variety of organizations. State tax form You can open an IRA at a bank or other financial institution or with a mutual fund or life insurance company. State tax form You can also open an IRA through your stockbroker. State tax form Any IRA must meet Internal Revenue Code requirements. State tax form Kinds of traditional IRAs. State tax form   Your traditional IRA can be an individual retirement account or annuity. State tax form It can be part of either a simplified employee pension (SEP) or an employer or employee association trust account. State tax form How Much Can Be Contributed? There are limits and other rules that affect the amount that can be contributed to a traditional IRA. State tax form These limits and other rules are explained below. State tax form Community property laws. State tax form   Except as discussed later under Kay Bailey Hutchison Spousal IRA limit , each spouse figures his or her limit separately, using his or her own compensation. State tax form This is the rule even in states with community property laws. State tax form Brokers' commissions. State tax form   Brokers' commissions paid in connection with your traditional IRA are subject to the contribution limit. State tax form Trustees' fees. State tax form   Trustees' administrative fees are not subject to the contribution limit. State tax form Qualified reservist repayments. State tax form   If you are (or were) a member of a reserve component and you were ordered or called to active duty after September 11, 2001, you may be able to contribute (repay) to an IRA amounts equal to any qualified reservist distributions you received. State tax form You can make these repayment contributions even if they would cause your total contributions to the IRA to be more than the general limit on contributions. State tax form To be eligible to make these repayment contributions, you must have received a qualified reservist distribution from an IRA or from a section 401(k) or 403(b) plan or similar arrangement. State tax form   For more information, see Qualified reservist repayments under How Much Can Be Contributed? in chapter 1 of Publication 590. State tax form Contributions on your behalf to a traditional IRA reduce your limit for contributions to a Roth IRA. State tax form (See Roth IRAs, later. State tax form ) General limit. State tax form   For 2013, the most that can be contributed to your traditional IRA generally is the smaller of the following amounts. State tax form $5,500 ($6,500 if you are 50 or older). State tax form Your taxable compensation (defined earlier) for the year. State tax form This is the most that can be contributed regardless of whether the contributions are to one or more traditional IRAs or whether all or part of the contributions are nondeductible. State tax form (See Nondeductible Contributions , later. State tax form ) Qualified reservist repayments do not affect this limit. State tax form Example 1. State tax form Betty, who is 34 years old and single, earned $24,000 in 2013. State tax form Her IRA contributions for 2013 are limited to $5,500. State tax form Example 2. State tax form John, an unmarried college student working part time, earned $3,500 in 2013. State tax form His IRA contributions for 2013 are limited to $3,500, the amount of his compensation. State tax form Kay Bailey Hutchison Spousal IRA limit. State tax form   For 2013, if you file a joint return and your taxable compensation is less than that of your spouse, the most that can be contributed for the year to your IRA is the smaller of the following amounts. State tax form $5,500 ($6,500 if you are 50 or older). State tax form The total compensation includible in the gross income of both you and your spouse for the year, reduced by the following two amounts. State tax form Your spouse's IRA contribution for the year to a traditional IRA. State tax form Any contribution for the year to a Roth IRA on behalf of your spouse. State tax form This means that the total combined contributions that can be made for the year to your IRA and your spouse's IRA can be as much as $11,000 ($12,000 if only one of you is 50 or older, or $13,000 if both of you are 50 or older). State tax form When Can Contributions Be Made? As soon as you open your traditional IRA, contributions can be made to it through your chosen sponsor (trustee or other administrator). State tax form Contributions must be in the form of money (cash, check, or money order). State tax form Property cannot be contributed. State tax form Contributions must be made by due date. State tax form   Contributions can be made to your traditional IRA for a year at any time during the year or by the due date for filing your return for that year, not including extensions. State tax form Age 70½ rule. State tax form   Contributions cannot be made to your traditional IRA for the year in which you reach age 70½ or for any later year. State tax form   You attain age 70½ on the date that is 6 calendar months after the 70th anniversary of your birth. State tax form If you were born on or before June 30, 1943, you cannot contribute for 2013 or any later year. State tax form Designating year for which contribution is made. State tax form   If an amount is contributed to your traditional IRA between January 1 and April 15, you should tell the sponsor which year (the current year or the previous year) the contribution is for. State tax form If you do not tell the sponsor which year it is for, the sponsor can assume, and report to the IRS, that the contribution is for the current year (the year the sponsor received it). State tax form Filing before a contribution is made. State tax form   You can file your return claiming a traditional IRA contribution before the contribution is actually made. State tax form Generally, the contribution must be made by the due date of your return, not including extensions. State tax form Contributions not required. State tax form   You do not have to contribute to your traditional IRA for every tax year, even if you can. State tax form How Much Can You Deduct? Generally, you can deduct the lesser of: The contributions to your traditional IRA for the year, or The general limit (or the Kay Bailey Hutchison Spousal IRA limit, if it applies). State tax form However, if you or your spouse was covered by an employer retirement plan, you may not be able to deduct this amount. State tax form See Limit If Covered by Employer Plan , later. State tax form You may be able to claim a credit for contributions to your traditional IRA. State tax form For more information, see chapter 37. State tax form Trustees' fees. State tax form   Trustees' administrative fees that are billed separately and paid in connection with your traditional IRA are not deductible as IRA contributions. State tax form However, they may be deductible as a miscellaneous itemized deduction on Schedule A (Form 1040). State tax form See chapter 28. State tax form Brokers' commissions. State tax form   Brokers' commissions are part of your IRA contribution and, as such, are deductible subject to the limits. State tax form Full deduction. State tax form   If neither you nor your spouse was covered for any part of the year by an employer retirement plan, you can take a deduction for total contributions to one or more traditional IRAs of up to the lesser of: $5,500 ($6,500 if you are age 50 or older in 2013). State tax form 100% of your compensation. State tax form This limit is reduced by any contributions made to a 501(c)(18) plan on your behalf. State tax form Kay Bailey Hutchison Spousal IRA. State tax form   In the case of a married couple with unequal compensation who file a joint return, the deduction for contributions to the traditional IRA of the spouse with less compensation is limited to the lesser of the following amounts. State tax form $5,500 ($6,500 if the spouse with the lower compensation is age 50 or older in 2013). State tax form The total compensation includible in the gross income of both spouses for the year reduced by the following three amounts. State tax form The IRA deduction for the year of the spouse with the greater compensation. State tax form Any designated nondeductible contribution for the year made on behalf of the spouse with the greater compensation. State tax form Any contributions for the year to a Roth IRA on behalf of the spouse with the greater compensation. State tax form This limit is reduced by any contributions to a 501(c)(18) plan on behalf of the spouse with the lesser compensation. State tax form Note. State tax form If you were divorced or legally separated (and did not remarry) before the end of the year, you cannot deduct any contributions to your spouse's IRA. State tax form After a divorce or legal separation, you can deduct only contributions to your own IRA. State tax form Your deductions are subject to the rules for single individuals. State tax form Covered by an employer retirement plan. State tax form   If you or your spouse was covered by an employer retirement plan at any time during the year for which contributions were made, your deduction may be further limited. State tax form This is discussed later under Limit If Covered by Employer Plan . State tax form Limits on the amount you can deduct do not affect the amount that can be contributed. State tax form See Nondeductible Contributions , later. State tax form Are You Covered by an Employer Plan? The Form W-2 you receive from your employer has a box used to indicate whether you were covered for the year. State tax form The “Retirement plan” box should be checked if you were covered. State tax form Reservists and volunteer firefighters should also see Situations in Which You Are Not Covered by an Employer Plan , later. State tax form If you are not certain whether you were covered by your employer's retirement plan, you should ask your employer. State tax form Federal judges. State tax form   For purposes of the IRA deduction, federal judges are covered by an employer retirement plan. State tax form For Which Year(s) Are You Covered by an Employer Plan? Special rules apply to determine the tax years for which you are covered by an employer plan. State tax form These rules differ depending on whether the plan is a defined contribution plan or a defined benefit plan. State tax form Tax year. State tax form   Your tax year is the annual accounting period you use to keep records and report income and expenses on your income tax return. State tax form For almost all people, the tax year is the calendar year. State tax form Defined contribution plan. State tax form   Generally, you are covered by a defined contribution plan for a tax year if amounts are contributed or allocated to your account for the plan year that ends with or within that tax year. State tax form   A defined contribution plan is a plan that provides for a separate account for each person covered by the plan. State tax form Types of defined contribution plans include profit-sharing plans, stock bonus plans, and money purchase pension plans. State tax form Defined benefit plan. State tax form   If you are eligible to participate in your employer's defined benefit plan for the plan year that ends within your tax year, you are covered by the plan. State tax form This rule applies even if you: Declined to participate in the plan, Did not make a required contribution, or Did not perform the minimum service required to accrue a benefit for the year. State tax form   A defined benefit plan is any plan that is not a defined contribution plan. State tax form Defined benefit plans include pension plans and annuity plans. State tax form No vested interest. State tax form   If you accrue a benefit for a plan year, you are covered by that plan even if you have no vested interest in (legal right to) the accrual. State tax form Situations in Which You Are Not Covered by an Employer Plan Unless you are covered under another employer plan, you are not covered by an employer plan if you are in one of the situations described below. State tax form Social security or railroad retirement. State tax form   Coverage under social security or railroad retirement is not coverage under an employer retirement plan. State tax form Benefits from a previous employer's plan. State tax form   If you receive retirement benefits from a previous employer's plan, you are not covered by that plan. State tax form Reservists. State tax form   If the only reason you participate in a plan is because you are a member of a reserve unit of the armed forces, you may not be covered by the plan. State tax form You are not covered by the plan if both of the following conditions are met. State tax form The plan you participate in is established for its employees by: The United States, A state or political subdivision of a state, or An instrumentality of either (a) or (b) above. State tax form You did not serve more than 90 days on active duty during the year (not counting duty for training). State tax form Volunteer firefighters. State tax form   If the only reason you participate in a plan is because you are a volunteer firefighter, you may not be covered by the plan. State tax form You are not covered by the plan if both of the following conditions are met. State tax form The plan you participate in is established for its employees by: The United States, A state or political subdivision of a state, or An instrumentality of either (a) or (b) above. State tax form Your accrued retirement benefits at the beginning of the year will not provide more than $1,800 per year at retirement. State tax form Limit If Covered by Employer Plan If either you or your spouse was covered by an employer retirement plan, you may be entitled to only a partial (reduced) deduction or no deduction at all, depending on your income and your filing status. State tax form Your deduction begins to decrease (phase out) when your income rises above a certain amount and is eliminated altogether when it reaches a higher amount. State tax form These amounts vary depending on your filing status. State tax form To determine if your deduction is subject to phaseout, you must determine your modified adjusted gross income (AGI) and your filing status. State tax form See Filing status and Modified adjusted gross income (AGI) , later. State tax form Then use Table 17-1 or 17-2 to determine if the phaseout applies. State tax form Social security recipients. State tax form   Instead of using Table 17-1 or Table 17-2, use the worksheets in Appendix B of Publication 590 if, for the year, all of the following apply. State tax form You received social security benefits. State tax form You received taxable compensation. State tax form Contributions were made to your traditional IRA. State tax form You or your spouse was covered by an employer retirement plan. State tax form Use those worksheets to figure your IRA deduction, your nondeductible contribution, and the taxable portion, if any, of your social security benefits. State tax form Deduction phaseout. State tax form   If you were covered by an employer retirement plan and you did not receive any social security retirement benefits, your IRA deduction may be reduced or eliminated depending on your filing status and modified AGI as shown in Table 17-1. State tax form Table 17-1. State tax form Effect of Modified AGI1 on Deduction if You Are Covered by Retirement Plan at Work If you are covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction. State tax form IF your filing status is. State tax form . State tax form . State tax form   AND your modified AGI is. State tax form . State tax form . State tax form   THEN you can take. State tax form . State tax form . State tax form single   or  head of household   $59,000 or less   a full deduction. State tax form   more than $59,000 but less than $69,000   a partial deduction. State tax form   $69,000 or more   no deduction. State tax form married filing jointly   or  qualifying widow(er)   $95,000 or less   a full deduction. State tax form   more than $95,000 but less than $115,000   a partial deduction. State tax form   $115,000 or more   no deduction. State tax form married filing separately2   less than $10,000   a partial deduction. State tax form   $10,000 or more   no deduction. State tax form 1Modified AGI (adjusted gross income). State tax form See Modified adjusted gross income (AGI) . State tax form 2If you did not live with your spouse at any time during the year, your filing status is considered Single for this purpose (therefore, your IRA deduction is determined under the “Single” column). State tax form If your spouse is covered. State tax form   If you are not covered by an employer retirement plan, but your spouse is, and you did not receive any social security benefits, your IRA deduction may be reduced or eliminated entirely depending on your filing status and modified AGI as shown in Table 17-2. State tax form Filing status. State tax form   Your filing status depends primarily on your marital status. State tax form For this purpose, you need to know if your filing status is single or head of household, married filing jointly or qualifying widow(er), or married filing separately. State tax form If you need more information on filing status, see chapter 2. State tax form Lived apart from spouse. State tax form   If you did not live with your spouse at any time during the year and you file a separate return, your filing status, for this purpose, is single. State tax form Table 17-2. State tax form Effect of Modified AGI1 on Deduction if You Are NOT Covered by Retirement Plan at Work If you are not covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction. State tax form IF your filing status is. State tax form . State tax form . State tax form   AND your modified AGI is. State tax form . State tax form . State tax form   THEN you can take. State tax form . State tax form . State tax form single, head of household, or qualifying widow(er)   any amount   a full deduction. State tax form married filing jointly or separately with a spouse who is not covered by a plan at work   any amount   a full deduction. State tax form married filing jointly with a spouse who is covered by a plan at work   $178,000 or less   a full deduction. State tax form   more than $178,000 but less than $188,000   a partial deduction. State tax form   $188,000 or more   no deduction. State tax form married filing separately with a spouse who is covered by a plan at work2   less than $10,000   a partial deduction. State tax form   $10,000 or more   no deduction. State tax form 1Modified AGI (adjusted gross income). State tax form See Modified adjusted gross income (AGI) . State tax form 2You are entitled to the full deduction if you did not live with your spouse at any time during the year. State tax form Modified adjusted gross income (AGI). State tax form   How you figure your modified AGI depends on whether you are filing Form 1040 or Form 1040A. State tax form If you made contributions to your IRA for 2013 and received a distribution from your IRA in 2013, see Publication 590. State tax form You may be able to use Worksheet 17-1 to figure your modified AGI. State tax form    Do not assume that your modified AGI is the same as your compensation. State tax form Your modified AGI may include income in addition to your compensation (discussed earlier), such as interest, dividends, and income from IRA distributions. State tax form Form 1040. State tax form   If you file Form 1040, refigure the amount on the page 1 “adjusted gross income” line without taking into account any of the following eight amounts. State tax form IRA deduction. State tax form Student loan interest deduction. State tax form Tuition and fees deduction. State tax form Domestic production activities deduction. State tax form Foreign earned income exclusion. State tax form Foreign housing exclusion or deduction. State tax form Exclusion of qualified savings bond interest shown on Form 8815, Exclusion of Interest From Series EE and I U. State tax form S. State tax form Savings Bonds Issued After 1989. State tax form Exclusion of employer-provided adoption benefits shown on Form 8839, Qualified Adoption Expenses. State tax form This is your modified AGI. State tax form Form 1040A. State tax form   If you file Form 1040A, refigure the amount on the page 1 “adjusted gross income” line without taking into account any of the following amounts. State tax form IRA deduction. State tax form Student loan interest deduction. State tax form Tuition and fees deduction. State tax form Exclusion of qualified savings bond interest shown on Form 8815. State tax form This is your modified AGI. State tax form Both contributions for 2013 and distributions in 2013. State tax form   If all three of the following apply, any IRA distributions you received in 2013 may be partly tax free and partly taxable. State tax form You received distributions in 2013 from one or more traditional IRAs. State tax form You made contributions to a traditional IRA for 2013. State tax form Some of those contributions may be nondeductible contributions. State tax form If this is your situation, you must figure the taxable part of the traditional IRA distribution before you can figure your modified AGI. State tax form To do this, you can use Worksheet 1-5, Figuring the Taxable Part of Your IRA Distribution, in Publication 590. State tax form   If at least one of the above does not apply, figure your modified AGI using Worksheet 17-1, later. State tax form    How to figure your reduced IRA deduction. State tax form   You can figure your reduced IRA deduction for either Form 1040 or Form 1040A by using the worksheets in chapter 1 of Publication 590. State tax form Also, the instructions for Form 1040 and Form 1040A include similar worksheets that you may be able to use instead. State tax form Worksheet 17-1. State tax form Figuring Your Modified AGI Use this worksheet to figure your modified adjusted gross income for traditional IRA purposes. State tax form 1. State tax form Enter your adjusted gross income (AGI) from Form 1040, line 38, or Form 1040A, line 22, figured without taking into account the amount from Form 1040, line 32, or Form 1040A, line 17 1. State tax form   2. State tax form Enter any student loan interest deduction from Form 1040, line 33, or Form 1040A, line 18 2. State tax form   3. State tax form Enter any tuition and fees deduction from Form 1040, line 34, or Form 1040A, line 19 3. State tax form   4. State tax form Enter any domestic production activities deduction from Form 1040, line 35 4. State tax form   5. State tax form Enter any foreign earned income and/or housing exclusion from Form 2555, line 45, or Form 2555-EZ, line 18 5. State tax form   6. State tax form Enter any foreign housing deduction from Form 2555, line 50 6. State tax form   7. State tax form Enter any excludable savings bond interest from Form 8815, line 14 7. State tax form   8. State tax form Enter any excluded employer-provided adoption benefits from Form 8839, line 28 8. State tax form   9. State tax form Add lines 1 through 8. State tax form This is your Modified AGI for traditional IRA purposes 9. State tax form   Reporting Deductible Contributions If you file Form 1040, enter your IRA deduction on line 32 of that form. State tax form If you file Form 1040A, enter your IRA deduction on line 17. State tax form You cannot deduct IRA contributions on Form 1040EZ. State tax form Nondeductible Contributions Although your deduction for IRA contributions may be reduced or eliminated, contributions can be made to your IRA up to the general limit or, if it applies, the Kay Bailey Hutchison Spousal IRA limit. State tax form The difference between your total permitted contributions and your IRA deduction, if any, is your nondeductible contribution. State tax form Example. State tax form Mike is 28 years old and single. State tax form In 2013, he was covered by a retirement plan at work. State tax form His salary was $57,312. State tax form His modified AGI was $70,000. State tax form Mike made a $5,500 IRA contribution for 2013. State tax form Because he was covered by a retirement plan and his modified AGI was over $69,000, he cannot deduct his $5,500 IRA contribution. State tax form He must designate this contribution as a nondeductible contribution by reporting it on Form 8606, as explained next. State tax form Form 8606. State tax form   To designate contributions as nondeductible, you must file Form 8606. State tax form   You do not have to designate a contribution as nondeductible until you file your tax return. State tax form When you file, you can even designate otherwise deductible contributions as nondeductible. State tax form   You must file Form 8606 to report nondeductible contributions even if you do not have to file a tax return for the year. State tax form A Form 8606 is not used for the year that you make a rollover from a qualified retirement plan to a traditional IRA and the rollover includes nontaxable amounts. State tax form In those situations, a Form 8606 is completed for the year you take a distribution from that IRA. State tax form See Form 8606 under Distributions Fully or Partly Taxable, later. State tax form Failure to report nondeductible contributions. State tax form   If you do not report nondeductible contributions, all of the contributions to your traditional IRA will be treated as deductible contributions when withdrawn. State tax form All distributions from your IRA will be taxed unless you can show, with satisfactory evidence, that nondeductible contributions were made. State tax form Penalty for overstatement. State tax form   If you overstate the amount of nondeductible contributions on your Form 8606 for any tax year, you must pay a penalty of $100 for each overstatement, unless it was due to reasonable cause. State tax form Penalty for failure to file Form 8606. State tax form   You will have to pay a $50 penalty if you do not file a required Form 8606, unless you can prove that the failure was due to reasonable cause. State tax form    Tax on earnings on nondeductible contributions. State tax form   As long as contributions are within the contribution limits, none of the earnings or gains on contributions (deductible or nondeductible) will be taxed until they are distributed. State tax form See When Can You Withdraw or Use IRA Assets , later. State tax form Cost basis. State tax form   You will have a cost basis in your traditional IRA if you made any nondeductible contributions. State tax form Your cost basis is the sum of the nondeductible contributions to your IRA minus any withdrawals or distributions of nondeductible contributions. State tax form Inherited IRAs If you inherit a traditional IRA, you are called a beneficiary. State tax form A beneficiary can be any person or entity the owner chooses to receive the benefits of the IRA after he or she dies. State tax form Beneficiaries of a traditional IRA must include in their gross income any taxable distributions they receive. State tax form Inherited from spouse. State tax form   If you inherit a traditional IRA from your spouse, you generally have the following three choices. State tax form You can: Treat it as your own IRA by designating yourself as the account owner. State tax form Treat it as your own by rolling it over into your IRA, or to the extent it is taxable, into a: Qualified employer plan, Qualified employee annuity plan (section 403(a) plan), Tax-sheltered annuity plan (section 403(b) plan), or Deferred compensation plan of a state or local government (section 457 plan). State tax form Treat yourself as the beneficiary rather than treating the IRA as your own. State tax form Treating it as your own. State tax form   You will be considered to have chosen to treat the IRA as your own if: Contributions (including rollover contributions) are made to the inherited IRA, or You do not take the required minimum distribution for a year as a beneficiary of the IRA. State tax form You will only be considered to have chosen to treat the IRA as your own if: You are the sole beneficiary of the IRA, and You have an unlimited right to withdraw amounts from it. State tax form   However, if you receive a distribution from your deceased spouse's IRA, you can roll that distribution over into your own IRA within the 60-day time limit, as long as the distribution is not a required distribution, even if you are not the sole beneficiary of your deceased spouse's IRA. State tax form Inherited from someone other than spouse. State tax form   If you inherit a traditional IRA from anyone other than your deceased spouse, you cannot treat the inherited IRA as your own. State tax form This means that you cannot make any contributions to the IRA. State tax form It also means you cannot roll over any amounts into or out of the inherited IRA. State tax form However, you can make a trustee-to-trustee transfer as long as the IRA into which amounts are being moved is set up and maintained in the name of the deceased IRA owner for the benefit of you as beneficiary. State tax form For more information, see the discussion of inherited IRAs under Rollover From One IRA Into Another, later. State tax form Can You Move Retirement Plan Assets? You can transfer, tax free, assets (money or property) from other retirement plans (including traditional IRAs) to a traditional IRA. State tax form You can make the following kinds of transfers. State tax form Transfers from one trustee to another. State tax form Rollovers. State tax form Transfers incident to a divorce. State tax form Transfers to Roth IRAs. State tax form   Under certain conditions, you can move assets from a traditional IRA or from a designated Roth account to a Roth IRA. State tax form You can also move assets from a qualified retirement plan to a Roth IRA. State tax form See Can You Move Amounts Into a Roth IRA? under Roth IRAs, later. State tax form Trustee-to-Trustee Transfer A transfer of funds in your traditional IRA from one trustee directly to another, either at your request or at the trustee's request, is not a rollover. State tax form Because there is no distribution to you, the transfer is tax free. State tax form Because it is not a rollover, it is not affected by the 1-year waiting period required between rollovers, discussed later under Rollover From One IRA Into Another . State tax form For information about direct transfers to IRAs from retirement plans other than IRAs, see Can You Move Retirement Plan Assets? in chapter 1 and Can You Move Amounts Into a Roth IRA? in chapter 2 of Publication 590. State tax form Rollovers Generally, a rollover is a tax-free distribution to you of cash or other assets from one retirement plan that you contribute (roll over) to another retirement plan. State tax form The contribution to the second retirement plan is called a “rollover contribution. State tax form ” Note. State tax form An amount rolled over tax free from one retirement plan to another is generally includible in income when it is distributed from the second plan. State tax form Kinds of rollovers to a traditional IRA. State tax form   You can roll over amounts from the following plans into a traditional IRA: A traditional IRA, An employer's qualified retirement plan for its employees, A deferred compensation plan of a state or local government (section 457 plan), or A tax-sheltered annuity plan (section 403(b) plan). State tax form Treatment of rollovers. State tax form   You cannot deduct a rollover contribution, but you must report the rollover distribution on your tax return as discussed later under Reporting rollovers from IRAs and under Reporting rollovers from employer plans . State tax form Kinds of rollovers from a traditional IRA. State tax form   You may be able to roll over, tax free, a distribution from your traditional IRA into a qualified plan. State tax form These plans include the federal Thrift Savings Fund (for federal employees), deferred compensation plans of state or local governments (section 457 plans), and tax-sheltered annuity plans (section 403(b) plans). State tax form The part of the distribution that you can roll over is the part that would otherwise be taxable (includible in your income). State tax form Qualified plans may, but are not required to, accept such rollovers. State tax form Time limit for making a rollover contribution. State tax form   You generally must make the rollover contribution by the 60th day after the day you receive the distribution from your traditional IRA or your employer's plan. State tax form The IRS may waive the 60-day requirement where the failure to do so would be against equity or good conscience, such as in the event of a casualty, disaster, or other event beyond your reasonable control. State tax form For more information, see Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. State tax form Extension of rollover period. State tax form   If an amount distributed to you from a traditional IRA or a qualified employer retirement plan is a frozen deposit at any time during the 60-day period allowed for a rollover, special rules extend the rollover period. State tax form For more information, see Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. State tax form More information. State tax form   For more information on rollovers, see Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. State tax form Rollover From One IRA Into Another You can withdraw, tax free, all or part of the assets from one traditional IRA if you reinvest them within 60 days in the same or another traditional IRA. State tax form Because this is a rollover, you cannot deduct the amount that you reinvest in an IRA. State tax form Waiting period between rollovers. State tax form   Generally, if you make a tax-free rollover of any part of a distribution from a traditional IRA, you cannot, within a 1-year period, make a tax-free rollover of any later distribution from that same IRA. State tax form You also cannot make a tax-free rollover of any amount distributed, within the same 1-year period, from the IRA into which you made the tax-free rollover. State tax form   The 1-year period begins on the date you receive the IRA distribution, not on the date you roll it over into an IRA. State tax form Example. State tax form You have two traditional IRAs, IRA-1 and IRA-2. State tax form You make a tax-free rollover of a distribution from IRA-1 into a new traditional IRA (IRA-3). State tax form You cannot, within 1 year of the distribution from IRA-1, make a tax-free rollover of any distribution from either IRA-1 or IRA-3 into another traditional IRA. State tax form However, the rollover from IRA-1 into IRA-3 does not prevent you from making a tax-free rollover from IRA-2 into any other traditional IRA. State tax form This is because you have not, within the last year, rolled over, tax free, any distribution from IRA-2 or made a tax-free rollover into IRA-2. State tax form Exception. State tax form   For an exception for distributions from failed financial institutions, see Rollover From One IRA Into Another under Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. State tax form Partial rollovers. State tax form   If you withdraw assets from a traditional IRA, you can roll over part of the withdrawal tax free and keep the rest of it. State tax form The amount you keep will generally be taxable (except for the part that is a return of nondeductible contributions). State tax form The amount you keep may be subject to the 10% additional tax on early distributions, discussed later under What Acts Result in Penalties or Additional Taxes? . State tax form Required distributions. State tax form   Amounts that must be distributed during a particular year under the required distribution rules (discussed later) are not eligible for rollover treatment. State tax form Inherited IRAs. State tax form   If you inherit a traditional IRA from your spouse, you generally can roll it over, or you can choose to make the inherited IRA your own. State tax form See Treating it as your own , earlier. State tax form Not inherited from spouse. State tax form   If you inherit a traditional IRA from someone other than your spouse, you cannot roll it over or allow it to receive a rollover contribution. State tax form You must withdraw the IRA assets within a certain period. State tax form For more information, see When Must You Withdraw Assets? in chapter 1 of Publication 590. State tax form Reporting rollovers from IRAs. State tax form   Report any rollover from one traditional IRA to the same or another traditional IRA on lines 15a and 15b, Form 1040, or lines 11a and 11b, Form 1040A, as follows. State tax form   Enter the total amount of the distribution on Form 1040, line 15a, or Form 1040A, line 11a. State tax form If the total amount on Form 1040, line 15a, or Form 1040A, line 11a, was rolled over, enter zero on Form 1040, line 15b, or Form 1040A, line 11b. State tax form If the total distribution was not rolled over, enter the taxable portion of the part that was not rolled over on Form 1040, line 15b, or Form 1040A, line 11b. State tax form Put “Rollover” next to Form 1040, line 15b, or Form 1040A, line 11b. State tax form See your tax return instructions. State tax form   If you rolled over the distribution into a qualified plan (other than an IRA) or you make the rollover in 2014, attach a statement explaining what you did. State tax form Rollover From Employer's Plan Into an IRA You can roll over into a traditional 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; Annuity plan; Tax-sheltered annuity plan (section 403(b) plan); or Governmental deferred compensation plan (section 457 plan). State tax form A qualified plan is one that meets the requirements of the Internal Revenue Code. State tax form Eligible rollover distribution. State tax form   Generally, an eligible rollover distribution is any distribution of all or part of the balance to your credit in a qualified retirement plan except the following. State tax form A required minimum distribution (explained later under When Must You Withdraw IRA Assets? (Required Minimum Distributions) ). State tax form A hardship distribution. State tax form Any of a series of substantially equal periodic distributions paid at least once a year over: Your lifetime or life expectancy, The lifetimes or life expectancies of you and your beneficiary, or A period of 10 years or more. State tax form Corrective distributions of excess contributions or excess deferrals, and any income allocable to the excess, or of excess annual additions and any allocable gains. State tax form A loan treated as a distribution because it does not satisfy certain requirements either when made or later (such as upon default), unless the participant's accrued benefits are reduced (offset) to repay the loan. State tax form Dividends on employer securities. State tax form The cost of life insurance coverage. State tax form Any nontaxable amounts that you roll over into your traditional IRA become part of your basis (cost) in your IRAs. State tax form To recover your basis when you take distributions from your IRA, you must complete Form 8606 for the year of the distribution. State tax form See Form 8606 under Distributions Fully or Partly Taxable, later. State tax form Rollover by nonspouse beneficiary. State tax form   A direct transfer from a deceased employee's qualified pension, profit-sharing, or stock bonus plan; annuity plan; tax-sheltered annuity (section 403(b)) plan; or governmental deferred compensation (section 457) plan to an IRA set up to receive the distribution on your behalf can be treated as an eligible rollover distribution if you are the designated beneficiary of the plan and not the employee's spouse. State tax form The IRA is treated as an inherited IRA. State tax form For more information about inherited IRAs, see Inherited IRAs , earlier. State tax form Reporting rollovers from employer plans. State tax form    Enter the total distribution (before income tax or other deductions were withheld) on Form 1040, line 16a, or Form 1040A, line 12a. State tax form This amount should be shown in box 1 of Form 1099-R. State tax form From this amount, subtract any contributions (usually shown in box 5 of Form 1099-R) that were taxable to you when made. State tax form From that result, subtract the amount that was rolled over either directly or within 60 days of receiving the distribution. State tax form Enter the remaining amount, even if zero, on Form 1040, line 16b, or Form 1040A, line 12b. State tax form Also, enter "Rollover" next to Form 1040, line 16b, or Form 1040A, line 12b. State tax form Transfers Incident to Divorce If an interest in a traditional IRA is transferred from your spouse or former spouse to you by a divorce or separate maintenance decree or a written document related to such a decree, the interest in the IRA, starting from the date of the transfer, is treated as your IRA. State tax form The transfer is tax free. State tax form For detailed information, see Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. State tax form Converting From Any Traditional IRA to a Roth IRA Allowable conversions. State tax form   You can withdraw all or part of the assets from a traditional IRA and reinvest them (within 60 days) in a Roth IRA. State tax form The amount that you withdraw and timely contribute (convert) to the Roth IRA is called a conversion contribution. State tax form If properly (and timely) rolled over, the 10% additional tax on early distributions will not apply. State tax form However, a part or all of the conversion contribution from your traditional IRA is included in your gross income. State tax form Required distributions. State tax form   You cannot convert amounts that must be distributed from your traditional IRA for a particular year (including the calendar year in which you reach age 70½) under the required distribution rules (discussed later). State tax form Income. State tax form   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. State tax form 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. State tax form   You do not include in gross income any part of a distribution from a traditional IRA that is a return of your basis, as discussed later. State tax form   You must file Form 8606 to report 2013 conversions from traditional, SEP, or SIMPLE IRAs to a Roth IRA in 2013 (unless you recharacterized the entire amount) and to figure the amount to include in income. State tax form   If you must include any amount in your gross income, you may have to increase your withholding or make estimated tax payments. State tax form See chapter 4. State tax form Recharacterizations You may be able to treat a contribution made to one type of IRA as having been made to a different type of IRA. State tax form This is called recharacterizing the contribution. State tax form See Can You Move Retirement Plan Assets? in chapter 1 of Publication 590 for more detailed information. State tax form How to recharacterize a contribution. State tax form   To recharacterize a contribution, you generally must have the contribution transferred from the first IRA (the one to which it was made) to the second IRA in a trustee-to-trustee transfer. State tax form If the transfer is made by the due date (including extensions) for your tax return for the year during which the contribution was made, you can elect to treat the contribution as having been originally made to the second IRA instead of to the first IRA. State tax form If you recharacterize your contribution, you must do all three of the following. State tax form Include in the transfer any net income allocable to the contribution. State tax form If there was a loss, the net income you must transfer may be a negative amount. State tax form Report the recharacterization on your tax return for the year during which the contribution was made. State tax form Treat the contribution as having been made to the second IRA on the date that it was actually made to the first IRA. State tax form No deduction allowed. State tax form   You cannot deduct the contribution to the first IRA. State tax form Any net income you transfer with the recharacterized contribution is treated as earned in the second IRA. State tax form Required notifications. State tax form   To recharacterize a contribution, you must notify both the trustee of the first IRA (the one to which the contribution was actually made) and the trustee of the second IRA (the one to which the contribution is being moved) that you have elected to treat the contribution as having been made to the second IRA rather than the first. State tax form You must make the notifications by the date of the transfer. State tax form Only one notification is required if both IRAs are maintained by the same trustee. State tax form The notification(s) must include all of the following information. State tax form The type and amount of the contribution to the first IRA that is to be recharacterized. State tax form The date on which the contribution was made to the first IRA and the year for which it was made. State tax form A direction to the trustee of the first IRA to transfer in a trustee-to-trustee transfer the amount of the contribution and any net income (or loss) allocable to the contribution to the trustee of the second IRA. State tax form The name of the trustee of the first IRA and the name of the trustee of the second IRA. State tax form Any additional information needed to make the transfer. State tax form Reporting a recharacterization. State tax form   If you elect to recharacterize a contribution to one IRA as a contribution to another IRA, you must report the recharacterization on your tax return as directed by Form 8606 and its instructions. State tax form You must treat the contribution as having been made to the second IRA. State tax form When Can You Withdraw or Use IRA Assets? There are rules limiting use of your IRA assets and distributions from it. State tax form Violation of the rules generally results in additional taxes in the year of violation. State tax form See What Acts Result in Penalties or Additional Taxes , later. State tax form Contributions returned before the due date of return. State tax form   If you made IRA contributions in 2013, you can withdraw them tax free by the due date of your return. State tax form If you have an extension of time to file your return, you can withdraw them tax free by the extended due date. State tax form You can do this if, for each contribution you withdraw, both of the following conditions apply. State tax form You did not take a deduction for the contribution. State tax form You withdraw any interest or other income earned on the contribution. State tax form You can take into account any loss on the contribution while it was in the IRA when calculating the amount that must be withdrawn. State tax form If there was a loss, the net income earned on the contribution may be a negative amount. State tax form Note. State tax form To calculate the amount you must withdraw, see Worksheet 1-4 under When Can You Withdraw or Use Assets? in chapter 1 of Publication 590. State tax form Earnings includible in income. State tax form   You must include in income any earnings on the contributions you withdraw. State tax form Include the earnings in income for the year in which you made the contributions, not in the year in which you withdraw them. State tax form Generally, except for any part of a withdrawal that is a return of nondeductible contributions (basis), any withdrawal of your contributions after the due date (or extended due date) of your return will be treated as a taxable distribution. State tax form Excess contributions can also be recovered tax free as discussed under What Acts Result in Penalties or Additional Taxes?, later. State tax form    Early distributions tax. State tax form   The 10% additional tax on distributions made before you reach age 59½ does not apply to these tax-free withdrawals of your contributions. State tax form However, the distribution of interest or other income must be reported on Form 5329 and, unless the distribution qualifies as an exception to the age 59½ rule, it will be subject to this tax. State tax form When Must You Withdraw IRA Assets? (Required Minimum Distributions) You cannot keep funds in a traditional IRA indefinitely. State tax form Eventually they must be distributed. State tax form If there are no distributions, or if the distributions are not large enough, you may have to pay a 50% excise tax on the amount not distributed as required. State tax form See Excess Accumulations (Insufficient Distributions) , later. State tax form The requirements for distributing IRA funds differ depending on whether you are the IRA owner or the beneficiary of a decedent's IRA. State tax form Required minimum distribution. State tax form   The amount that must be distributed each year is referred to as the required minimum distribution. State tax form Required distributions not eligible for rollover. State tax form   Amounts that must be distributed (required minimum distributions) during a particular year are not eligible for rollover treatment. State tax form IRA owners. State tax form   If you are the owner of a traditional IRA, you must generally start receiving distributions from your IRA by April 1 of the year following the year in which you reach age 70½. State tax form April 1 of the year following the year in which you reach age 70½ is referred to as the required beginning date. State tax form Distributions by the required beginning date. State tax form   You must receive at least a minimum amount for each year starting with the year you reach age 70½ (your 70½ year). State tax form If you do not (or did not) receive that minimum amount in your 70½ year, then you must receive distributions for your 70½ year by April 1 of the next year. State tax form   If an IRA owner dies after reaching age 70½, but before April 1 of the next year, no minimum distribution is required because death occurred before the required beginning date. State tax form Even if you begin receiving distributions before you attain age 70½, you must begin calculating and receiving required minimum distributions by your required beginning date. State tax form Distributions after the required beginning date. State tax form   The required minimum distribution for any year after the year you turn 70½ must be made by December 31 of that later year. State tax form    Beneficiaries. State tax form   If you are the beneficiary of a decedent's traditional IRA, the requirements for distributions from that IRA generally depend on whether the IRA owner died before or after the required beginning date for distributions. State tax form More information. State tax form   For more information, including how to figure your minimum required distribution each year and how to figure your required distribution if you are a beneficiary of a decedent's IRA, see When Must You Withdraw Assets? in chapter 1 of Publication 590. State tax form Are Distributions Taxable? In general, distributions from a traditional IRA are taxable in the year you receive them. State tax form Exceptions. State tax form   Exceptions to distributions from traditional IRAs being taxable in the year you receive them are: Rollovers, Qualified charitable distributions (QCD), discussed later, Tax-free withdrawals of contributions, discussed earlier, and The return of nondeductible contributions, discussed later under Distributions Fully or Partly Taxable . State tax form    Although a conversion of a traditional IRA is considered a rollover for Roth IRA purposes, it is not an exception to the rule that distributions from a traditional IRA are taxable in the year you receive them. State tax form Conversion distributions are includible in your gross income subject to this rule and the special rules for conversions explained in Converting From Any Traditional IRA Into a Roth IRA under Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. State tax form Qualified charitable distributions (QCD). State tax form   A QCD is generally a nontaxable distribution made directly by the trustee of your IRA to an organization eligible to receive tax-deductible contributions. State tax form Special rules apply if you made a qualified charitable distribution in January 2013 that you elected to treat as made in 2012. State tax form See Qualified Charitable Distributions in Publication 590 for more information. State tax form Ordinary income. State tax form   Distributions from traditional IRAs that you include in income are taxed as ordinary income. State tax form No special treatment. State tax form   In figuring your tax, you cannot use the 10-year tax option or capital gain treatment that applies to lump-sum distributions from qualified retirement plans. State tax form Distributions Fully or Partly Taxable Distributions from your traditional IRA may be fully or partly taxable, depending on whether your IRA includes any nondeductible contributions. State tax form Fully taxable. State tax form   If only deductible contributions were made to your traditional IRA (or IRAs, if you have more than one), you have no basis in your IRA. State tax form Because you have no basis in your IRA, any distributions are fully taxable when received. State tax form See Reporting taxable distributions on your return , later. State tax form Partly taxable. State tax form    If you made nondeductible contributions or rolled over any after-tax amounts to any of your traditional IRAs, you have a cost basis (investment in the contract) equal to the amount of those contributions. State tax form These nondeductible contributions are not taxed when they are distributed to you. State tax form They are a return of your investment in your IRA. State tax form   Only the part of the distribution that represents nondeductible contributions and rolled over after-tax amounts (your cost basis) is tax free. State tax form If nondeductible contributions have been made or after-tax amounts have been rolled over to your IRA, distributions consist partly of nondeductible contributions (basis) and partly of deductible contributions, earnings, and gains (if there are any). State tax form Until all of your basis has been distributed, each distribution is partly nontaxable and partly taxable. State tax form Form 8606. State tax form   You must complete Form 8606 and attach it to your return if you receive a distribution from a traditional IRA and have ever made nondeductible contributions or rolled over after-tax amounts to any of your traditional IRAs. State tax form Using the form, you will figure the nontaxable distributions for 2013 and your total IRA basis for 2013 and earlier years. State tax form Note. State tax form If you are required to file Form 8606, but you are not required to file an income tax return, you still must file Form 8606. State tax form Send it to the IRS at the time and place you would otherwise file an income tax return. State tax form Distributions reported on Form 1099-R. State tax form   If you receive a distribution from your traditional IRA, you will receive Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. State tax form , or a similar statement. State tax form IRA distributions are shown in boxes 1 and 2a of Form 1099-R. State tax form A number or letter code in box 7 tells you what type of distribution you received from your IRA. State tax form Withholding. State tax form   Federal income tax is withheld from distributions from traditional IRAs unless you choose not to have tax withheld. State tax form See chapter 4. State tax form IRA distributions delivered outside the United States. State tax form   In general, if you are a U. State tax form S. State tax form citizen or resident alien and your home address is outside the United States or its possessions, you cannot choose exemption from withholding on distributions from your traditional IRA. State tax form Reporting taxable distributions on your return. State tax form    Report fully taxable distributions, including early distributions on Form 1040, line 15b, or Form 1040A, line 11b (no entry is required on Form 1040, line 15a, or Form 1040A, line 11a). State tax form If only part of the distribution is taxable, enter the total amount on Form 1040, line 15a, or Form 1040A, line 11a, and the taxable part on Form 1040, line 15b, or Form 1040A, line 11b. State tax form You cannot report distributions on Form 1040EZ. State tax form What Acts Result in Penalties or Additional Taxes? The tax advantages of using traditional IRAs for retirement savings can be offset by additional taxes and penalties if you do not follow the rules. State tax form There are additions to the regular tax for using your IRA funds in prohibited transactions. State tax form There are also additional taxes for the following activities. State tax form Investing in collectibles. State tax form Making excess contributions. State tax form Taking early distributions. State tax form Allowing excess amounts to accumulate (failing to take required distributions). State tax form There are penalties for overstating the amount of nondeductible contributions and for failure to file a Form 8606, if required. State tax form Prohibited Transactions Generally, a prohibited transaction is any improper use of your traditional IRA by you, your beneficiary, or any disqualified person. State tax form Disqualified persons include your fiduciary and members of your family (spouse, ancestor, lineal descendent, and any spouse of a lineal descendent). State tax form The following are examples of prohibited transactions with a traditional IRA. State tax form Borrowing money from it. State tax form Selling property to it. State tax form Receiving unreasonable compensation for managing it. State tax form Using it as security for a loan. State tax form Buying property for personal use (present or future) with IRA funds. State tax form Effect on an IRA account. State tax form   Generally, if you or your beneficiary engages in a prohibited transaction in connection with your traditional IRA account at any time during the year, the account stops being an IRA as of the first day of that year. State tax form Effect on you or your beneficiary. State tax form   If your account stops being an IRA because you or your beneficiary engaged in a prohibited transaction, the account is treated as distributing all its assets to you at their fair market values on the first day of the year. State tax form If the total of those values is more than your basis in the IRA, you will have a taxable gain that is includible in your income. State tax form For information on figuring your gain and reporting it in income, see Are Distributions Taxable , earlier. State tax form The distribution may be subject to additional taxes or penalties. State tax form Taxes on prohibited transactions. State tax form   If someone other than the owner or beneficiary of a traditional IRA engages in a prohibited transaction, that person may be liable for certain taxes. State tax form In general, there is a 15% tax on the amount of the prohibited transaction and a 100% additional tax if the transaction is not corrected. State tax form More information. State tax form   For more information on prohibited transactions, see What Acts Result in Penalties or Additional Taxes? in chapter 1 of Publication 590. State tax form Investment in Collectibles If your traditional IRA invests in collectibles, the amount invested is considered distributed to you in the year invested. State tax form You may have to pay the 10% additional tax on early distributions, discussed later. State tax form Collectibles. State tax form   These include: Artworks, Rugs, Antiques, Metals, Gems, Stamps, Coins, Alcoholic beverages, and Certain other tangible personal property. State tax form Exception. State tax form    Your IRA can invest in one, one-half, one-quarter, or one-tenth ounce U. State tax form S. State tax form gold coins, or one-ounce silver coins minted by the Treasury Department. State tax form It can also invest in certain platinum coins and certain gold, silver, palladium, and platinum bullion. State tax form Excess Contributions Generally, an excess contribution is the amount contributed to your traditional IRA(s) for the year that is more than the smaller of: The maximum deductible amount for the year. State tax form For 2013, this is $5,500 ($6,500 if you are 50 or older), or Your taxable compensation for the year. State tax form Tax on excess contributions. State tax form   In general, if the excess contributions for a year are not withdrawn by the date your return for the year is due (including extensions), you are subject to a 6% tax. State tax form You must pay the 6% tax each year on excess amounts that remain in your traditional IRA at the end of your tax year. State tax form The tax cannot be more than 6% of the combined value of all your IRAs as of the end of your tax year. State tax form Excess contributions withdrawn by due date of return. State tax form   You will not have to pay the 6% tax if you withdraw an excess contribution made during a tax year and you also withdraw interest or other income earned on the excess contribution. State tax form You must complete your withdrawal by the date your tax return for that year is due, including extensions. State tax form How to treat withdrawn contributions. State tax form   Do not include in your gross income an excess contribution that you withdraw from your traditional IRA before your tax return is due if both the following conditions are met. State tax form No deduction was allowed for the excess contribution. State tax form You withdraw the interest or other income earned on the excess contribution. State tax form You can take into account any loss on the contribution while it was in the IRA when calculating the amount that must be withdrawn. State tax form If there was a loss, the net income you must withdraw may be a negative amount. State tax form How to treat withdrawn interest or other income. State tax form   You must include in your gross income the interest or other income that was earned on the excess contribution. State tax form Report it on your return for the year in which the excess contribution was made. State tax form Your withdrawal of interest or other income may be subject to an additional 10% tax on early distributions, discus