Traditional IRA

1.	Enter basis in your Traditional IRA as of December 31, previous year.	_____
2.	Enter the total of all IRA contributions made to your Traditional IRA during 2004 and all IRA contributions made during 2005 that were for 2004, whether or not deductible. Do not include IRA rollover contributions properly rolled over into IRA.   Below is an IRA distribution worksheet to calculate the taxable portion of the IRA distribution and the nontaxable portion of the IRA distribution.	_____
3.	Add lines 1 and 2.	_____
4.	Enter the value of all your Traditional IRA as of December 31, current year (include any outstanding IRA rollovers * from Traditional IRA to other Traditional IRA)	_____
5.	Enter the total IRA distributions from Traditional IRA (including amounts converted to Roth IRA) received in 2004. (Do not include outstanding IRA rollovers * included on line 4 or any IRA rollovers between Traditional IRA completed by December 31, 2004.	_____
6.	Add lines 4 and 5.	_____
7.	Divided line 3 by line 6. Enter the result as a decimal (rounded to at least three places). If the result is 1.000 or more, enter 1.000.	_____
8.	Nontaxable portion of the IRA distribution.   Multiply line 5 by line 7.	_____
9.	Taxable portion of the IRA distribution (before adjustment for conversions). Subtract line 8 from line 5. Enter the result here and it there are no amounts converted to Roth IRAs, stop here.	_____
10.	Enter the amount included on line 9 that is allocable to amounts converted to Roth IRA by December 31, current year. (See Note at the end of this worksheet.)	_____
11.	Taxable portion of the IRA distribution (after adjustments for IRA conversions). Subtract line 10 from line 9.	_____

*Outstanding IRA rollover refers to an amount distributed from a Traditional IRA as part of an IRA rollover that, as of December 31 current year, had not yet been reinvested in another Traditional IRA, but was still eligible to be rolled over tax free. 

Note. If the amount on line 5 of this worksheet includes an amount converted to a Roth IRA by December 31, current year, you must determine the percentage of the IRA distribution allocable to the conversion. To figure the percentage, divide the amount converted (from line 16 of Form 8606) by the total IRA distributions shown on line 5. To figure the amounts to include on line 10 of this worksheet multiply line 9 of the worksheet by the percentage you figured.

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