|
| IRA, Roth IRA, SEP IRA, or Keogh Plan
Report the underlying assets of your Individual Retirement Account (IRA), Roth IRA, Simplified Employee Pension Individual Retirement Account (SEP IRA), or Keogh plan in Part 2.
Assets within an IRA, Roth IRA, SEP IRA, or Keogh Plan – No distributions yet
|
#
|
Description
|
EIF
|
Value
|
Income Type
|
Income Amount
|
|
1
|
IRA #1:
|
No
|
|
|
|
|
1.1
|
ABC Diversified Bond Fund
|
Yes
|
$50,001 - $100,000
|
|
None (or less than $201)
|
|
1.2
|
Xylophone Technologies Corporation (XYZ)
|
N/A
|
$1,001 - $15,000
|
|
None (or less than $201)
|
or
|
#
|
Description
|
EIF
|
Value
|
Income Type
|
Income Amount
|
|
1
|
ABC Diversified Bond Fund
|
Yes
|
$50,001 - $100,000
|
|
None (or less than $201)
|
|
2
|
Xylophone Technologies Corporation (XYZ)
|
N/A
|
$1,001 - $15,000
|
|
None (or less than $201)
|
Final Distribution from an IRA, Roth IRA, SEP IRA, or Keogh Plan – No remaining assets
|
#
|
Description
|
EIF
|
Value
|
Income Type
|
Income Amount
|
|
1
|
IRA #1, no remaining assets
|
N/A
|
|
cash distribution
|
$17,850
|
Assets within and Distributions from an IRA, Roth IRA, SEP IRA, or Keogh Plan
|
#
|
Description
|
EIF
|
Value
|
Income Type
|
Income Amount
|
|
1
|
IRA #1:
|
No
|
|
cash distributions
|
$17,850
|
|
1.1
|
ABC Diversified Bond Fund
|
Yes
|
$50,001 - $100,000
|
|
None (or less than $201)
|
|
1.2
|
Xylophone Technologies Corporation (XYZ)
|
N/A
|
$1,001 - $15,000
|
|
None (or less than $201)
|
For You
Part 2
Reporting Assets within an IRA, Roth IRA, SEP IRA, or Keogh Plan
Report each underlying asset of your IRA, Roth IRA, SEP IRA, Keogh plan, or other individual account that individually was worth more than $1,000 at the end of the reporting period. Indicating that the assets are held within a retirement account will help explain the income figures provided; however, this indication is not required.
This guide contains specific instructions for common types of assets held within a retirement account (e.g., mutual funds, exchange-traded funds, stocks, and corporate bonds).
Note that OGE does not treat tax-deferred income accruing within a retirement account as having been received because of the limitations on withdrawal and other regulatory requirements governing such accounts. You, however, would report distributions as having been received. See below.
Reporting Distributions from an IRA, Roth IRA, SEP IRA, or Keogh Plan
Report a cash distribution (or distributions) that you received from an IRA, Roth IRA, SEP IRA, Keogh plan, or other individual account if the total amount exceeded $200 during the reporting period. If the account continues to have reportable assets and you specified that the assets are held within the account, you may report these distributions as part of the entry for the overall account. Otherwise, report the distributions using the guidance below.
Description: Describe the type of account. In addition, unless otherwise clear, explain whether (1) the assets of the account are reported elsewhere or (2) the account has no remaining assets.
EIF: Select “N/A.”
Income Type: Describe the type of income as “cash distributions” or “cash payments.”
Income Amount: Provide the exact amount of your distributed income during the reporting period.
Click Here for Frequently Asked Questions
|