Form 1118 (Schedule J) Adjustments to Separate Limitation Income (Loss) Cate...taxman taxman
Form 1118 (Schedule J) Adjustments to Separate Limitation Income (Loss) Categories for Determining Numerators of Limitation Fractions, Year-End Recharacterization Balances, and Overall Foreign Loss Account Balances
This document is an IRS form for reporting nondeductible IRA contributions and conversions. It contains instructions for reporting: [1] nondeductible traditional IRA contributions and distributions; [2] conversions from traditional IRAs to Roth IRAs; and [3] distributions from Roth IRAs. Taxpayers must provide details of nondeductible contributions, account balances, distributions, and conversions between traditional and Roth IRAs to calculate tax liability.
Form 1118 (Schedule J) Adjustments to Separate Limitation Income (Loss) Cate...taxman taxman
Form 1118 (Schedule J) Adjustments to Separate Limitation Income (Loss) Categories for Determining Numerators of Limitation Fractions, Year-End Recharacterization Balances, and Overall Foreign Loss Account Balances
This document is an IRS form for reporting nondeductible IRA contributions and conversions. It contains instructions for reporting: [1] nondeductible traditional IRA contributions and distributions; [2] conversions from traditional IRAs to Roth IRAs; and [3] distributions from Roth IRAs. Taxpayers must provide details of nondeductible contributions, account balances, distributions, and conversions between traditional and Roth IRAs to calculate tax liability.