Federal Nondeductible IRAs

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

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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

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if PTIN
self-employed

Firm’s name

Firm’s EIN

Firm’s address

Phone no.
Form 8606 (2023)