Calculation of taxable IRA distribution
Review Form 8606 by selecting
8606
in the folders block on the left. If the return has an IRA distribution and IRA contribution, the Taxable IRA Distributions with IRA Contributions worksheet will be used to calculate the taxable portion of the IRA distribution. This worksheet outlines the calculation of the taxable amount computed on Form 1040, line 4b. Review the worksheet for both the taxpayer and the spouse, if applicable.note
- If Form 8606 doesn’t appear in the folders block, right-click and choose Display All Forms.
- This worksheet is from Publication 590-B Distributions from Individual Retirement Arrangements (IRAs).
