1040-US: Taxable IRA Distributions with IRA Contributions worksheet

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Question

What is the Taxable IRA Distributions with IRA Contributions worksheet used for?

Answer

If a taxpayer has basis in a traditional IRA, is making a current-year contribution to a traditional IRA which requires the calculation of modified AGI, and has a current-year distribution or conversion from a traditional IRA, then UltraTax CS uses the Taxable IRA Distributions with IRA Contributions Worksheet from IRS Publication 590-A to determine the portion of the distribution attributable to nondeductible contributions, deductible contributions, and amounts converted to a Roth IRA.

To view the Taxable IRA Distributions with IRA Contributions Worksheet, go to Forms and choose the 8606 folder.

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