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Federal Free Printable 2023 Form 8606 for 2024 Federal Nondeductible IRAs

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Nondeductible IRAs
2023 Form 8606

Form 8606 Department of the Treasury Internal Revenue Service OMB No. 1545-0074 Nondeductible IRAs Part I Attachment Sequence No. 48 Your social security number Name. If married, file a separate form for each spouse required to file 2023 Form 8606. See instructions. Fill in Your Address Only if You Are Filing This Form by Itself and Not With Your Tax Return 2023 Attach to 2023 Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Form8606 for instructions and the latest information. Home address (number and street, or P.O. box if mail is not delivered to your home) Apt. no. City, town or post office, state, and ZIP code. If you have a foreign address, also complete the spaces below (see instructions). Foreign country name Foreign province/state/county Foreign postal code Nondeductible Contributions to Traditional IRAs and Distributions From Traditional, Traditional SEP, and Traditional SIMPLE IRAs Complete this part only if one or more of the following apply. • You made nondeductible contributions to a traditional IRA for 2023. • You took distributions from a traditional, traditional SEP, or traditional SIMPLE IRA in 2023 and you made nondeductible contributions to a traditional IRA in 2023 or an earlier year. For this purpose, a distribution does not include a rollover (other than certain qualified disaster distribution repayments from 2023 Form(s) 8915-F), qualified charitable distribution, one-time distribution to fund an HSA, conversion, recharacterization, or return of certain contributions. • You converted part, but not all, of your traditional, traditional SEP, and traditional SIMPLE IRAs to Roth, Roth SEP, or Roth SIMPLE IRAs in 2023 and you made nondeductible contributions to a traditional IRA in 2023 or an earlier year. 1 2 3 4 5 6 Enter your nondeductible contributions to traditional IRAs for 2023, including those made for 2023 from January 1, 2024, through April 15, 2024. See instructions . . . . . . . . . . . . . Enter your total basis in traditional IRAs. See instructions . . . . . . . . . . . . . . . Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . In 2023, did you take a distribution from Enter the amount from line 3 on line 14. No traditional, traditional SEP, or traditional Do not complete the rest of Part I. SIMPLE IRAs, or make a Roth, Roth SEP, Yes Go to line 4. or Roth SIMPLE IRA conversion? Enter those contributions included on line 1 that were made from January 1, 2024, through April 15, 2024 Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . Enter the value of all your traditional, traditional SEP, and traditional SIMPLE IRAs as of December 31, 2023, plus any outstanding rollovers. Subtract certain repayments of qualified disaster distributions, if any, from 2023 Form(s) 8915-F (see instructions) . . . . . . . . . . . . . . . . . . 1 2 3 4 5 6 7 Enter your distributions from traditional, traditional SEP, and traditional SIMPLE IRAs in 2023. Do not include rollovers (other than repayments of qualified disaster distributions, if any, from 2023 Form(s) 8915-F (see instructions)); qualified charitable distributions; a one-time distribution to fund an HSA; conversions to a Roth, Roth SEP, or Roth SIMPLE IRA; certain returned contributions; or recharacterizations of traditional IRA contributions (see instructions) . . . . . . . . . . . 8 Enter the net amount you converted from traditional, traditional SEP, and traditional SIMPLE IRAs to Roth, Roth SEP, or Roth SIMPLE IRAs in 2023. Also, enter this amount on line 16 . . . . . . . 9 Add lines 6, 7, and 8 . . . . . . . . . . . . . . . . . . . 9 10 Divide line 5 by line 9. Enter the result as a decimal rounded to at least 3 × places. If the result is 1.000 or more, enter “1.000” . . . . . . . . . 10 . 11 Multiply line 8 by line 10. This is the nontaxable portion of the amount you converted to Roth, Roth SEP, or Roth SIMPLE IRAs. Also, enter this amount on line 17 . . . . . . . . . . . . . . . . . . . . . . . 11 12 Multiply line 7 by line 10. This is the nontaxable portion of your distributions that you did not convert to a Roth, Roth SEP, or Roth SIMPLE IRA . . . . 12 13 Add lines 11 and 12. This is the nontaxable portion of all your distributions . . . . . . . . . 14 Subtract line 13 from line 3. This is your total basis in traditional IRAs for 2023 and earlier years . 15a Subtract line 12 from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . b Enter the amount on line 15a attributable to qualified disaster distributions, if any, from 2023 Form(s) 8915-F (see instructions). Also, enter this amount on 2023 Form(s) 8915-F, line 18, as applicable (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Taxable amount. Subtract line 15b from line 15a. If more than zero, also include this amount on 2023 Form 1040, 1040-SR, or 1040-NR, line 4b . . . . . . . . . . . . . . . . . . . . Note: You may be subject to an additional 10% tax on the amount on line 15c if you were under age 59½ at the time of the distribution. See instructions. For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 63966F 7 8 13 14 15a 15b 15c Form 8606 (2023) Page 2 Form 8606 (2023) Part II 2023 Conversions From Traditional, Traditional SEP, or Traditional SIMPLE IRAs to Roth, Roth SEP, or Roth SIMPLE IRAs Complete this part if you converted part or all of your traditional, traditional SEP, and traditional SIMPLE IRAs to a Roth, Roth SEP, or Roth SIMPLE IRA in 2023. 16 17 18 If you completed Part I, enter the amount from line 8. Otherwise, enter the net amount you converted from traditional, traditional SEP, and traditional SIMPLE IRAs to Roth, Roth SEP, or Roth SIMPLE IRAs in 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If you completed Part I, enter the amount from line 11. Otherwise, enter your basis in the amount on line 16 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . Taxable amount. Subtract line 17 from line 16. If more than zero, also include this amount on 2023 Form 1040, 1040-SR, or 1040-NR, line 4b . . . . . . . . . . . . . . . . . . . . Part III 16 17 18 Distributions From Roth, Roth SEP, or Roth SIMPLE IRAs Complete this part only if you took a distribution from a Roth, Roth SEP, or Roth SIMPLE IRA in 2023. For this purpose, a distribution does not include a rollover (other than a repayment of a qualified disaster distribution from 2023 Form(s) 8915-F (see instructions)), qualified charitable distribution, one-time distribution to fund an HSA, recharacterization, or return of certain contributions (see instructions). 19 Enter your total nonqualified distributions from Roth, Roth SEP, and Roth SIMPLE IRAs in 2023, including any qualified first-time homebuyer distributions, and any qualified disaster distributions from 2023 Form(s) 8915-F (see instructions) . . . . . . . . . . . . . . . . . . . . . 20 Qualified first-time homebuyer expenses (see instructions). Do not enter more than $10,000 reduced by the total of all your prior qualified first-time homebuyer distributions . . . . . . . . . . 21 Subtract line 20 from line 19. If zero or less, enter -0- . . . . . . . . . . . . . . . . 22 Enter your basis in Roth, Roth SEP, and Roth SIMPLE IRA contributions (see instructions). If line 21 is zero, stop here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Subtract line 22 from line 21. If zero or less, enter -0- and skip lines 24 and 25. If more than zero, you may be subject to an additional tax (see instructions) . . . . . . . . . . . . . . . . 24 Enter your basis in conversions from traditional, traditional SEP, and traditional SIMPLE IRAs and rollovers from qualified retirement plans to a Roth, Roth SEP, or Roth SIMPLE IRA. See instructions . 25a Subtract line 24 from line 23. If zero or less, enter -0- and skip lines 25b and 25c . . . . . . . b Enter the amount on line 25a attributable to qualified disaster distributions, if any, from 2023 Form(s) 8915-F (see instructions). Also, enter this amount on 2023 Form(s) 8915-F, line 19, as applicable (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Taxable amount. Subtract line 25b from line 25a. If more than zero, also include this amount on 2023 Form 1040, 1040-SR, or 1040-NR, line 4b . . . . . . . . . . . . . . . . . . . . Sign Here Only if You Are Filing This Form by Itself and Not With Your Tax Return Paid Preparer Use Only 19 20 21 22 23 24 25a 25b 25c Under penalties of perjury, I declare that I have examined this form, including accompanying attachments, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Your signature Print/Type preparer’s name Date Preparer’s signature Date Check if PTIN self-employed Firm’s name Firm’s EIN Firm’s address Phone no. Form 8606 (2023)
Extracted from PDF file 2023-federal-form-8606.pdf, last modified December 2023

More about the Federal Form 8606 Individual Income Tax TY 2023

This form is for reporting nondeductible IRA contributions. Attach to Form 1040, Form 1040A, or Form 1040NR.

We last updated the Nondeductible IRAs in January 2024, so this is the latest version of Form 8606, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 8606 directly from TaxFormFinder. You can print other Federal tax forms here.


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Other Federal Individual Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms.

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Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8606 from the Internal Revenue Service in January 2024.

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About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Federal Form 8606

We have a total of thirteen past-year versions of Form 8606 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form 8606

2023 Form 8606

2022 Form 8606

2022 Form 8606

2021 Form 8606

2021 Form 8606

2020 Form 8606

2020 Form 8606

2019 Form 8606

2019 Form 8606

2018 Form 8606

2017 Form 8606

2017 Form 8606

2017 Form 8606

2016 Form 8606

2016 Form 8606

Nondeductible IRAs 2015 Form 8606

2015 Form 8606

Nondeductible IRAs 2014 Form 8606

2014 Form 8606

Nondeductible IRAs 2013 Form 8606

2013 Form 8606

Nondeductible IRAs 2012 Form 8606

2012 Form 8606

Nondeductible IRAs 2011 Form 8606

2011 Form 8606


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