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1
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PARTICIPANT'S SOCIAL SECURITY NUMBER |
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The number under which the contribution amounts and account values have been reported to the IRS. |
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2
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PARTICIPANT'S NAME & ADDRESS |
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Your registration and mailing address.
As a participant, you are the individual covered under the retirement account(s) listed on this form. |
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3
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ACCOUNT NUMBER |
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The
account number
of the fund
account in which
the contribution
was invested. |
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4
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Box 1. IRA CONTRIBUTIONS (Other Than
Amounts in Boxes 2-4 and 8-10)
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Box 1 reports the
total regular contributions made
to your retirement account(s), other than Roth IRA accounts,
through April 15, 2009, and designated for 2008.
Form 1040 tax reporting of deductible contributions: The
total of your IRA deduction and your spousal IRA deduction,
if applicable, should have been entered on Line 32 of Form 1040.
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5
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Box 2. ROLLOVER CONTRIBUTIONS |
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Box 2 reports all
contributions made to your retirement
account(s) in 2008 which were designated by you as rollover
IRA contributions. These contributions reflect all or a portion
of the distribution amounts you received from either an IRA
or qualified employer retirement plan distribution which was
reported on a 2008 Form 1099-R by the former custodian. Rollover
contributions will not be taxable in the year of receipt if:
- they were eligible for rollover treatment and
- they were rolled over into your Dreyfus IRA within 60 days of receipt of the money.
Form 1040 tax reporting:
- You should have entered
the full amount of the distribution shown on your 2008 Form
1099-R onto Line 15a of Form 1040.
- If you rolled over the
full amount of this distribution, you should have entered
zero on Line 15b of Form 1040. Please consult your tax advisor.
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6
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Box 3. ROTH IRA
CONVERSION AMOUNT |
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Box 3 reports the
full amount converted from your traditional IRA account to your
Roth IRA account in 2008. This amount reflects all or a portion
of the distribution amount you received from an IRA which was
reported on a 2008 Form 1099-R by the former custodian. Roth
conversion amounts in excess of your basis may be considered
taxable income.
Form 1040 tax reporting of Roth conversion amounts:
- You should have entered
the full amount of the Roth conversion shown on your 2008
Form 1099-R onto Line 15a of Form 1040.
- You should have used Form
8606 to determine the amount of the Roth conversion to be
entered onto Line 15b of Form 1040 for 2008. Please see
your tax advisor.
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7
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Box 4. RECHARACTERIZED CONTRIBUTIONS |
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Shows amounts recharacterized by transferring any part of the contribution (plus earnings) from one type of IRA to another. |
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8
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Box 5. FAIR MARKET VALUE OF ACCOUNT |
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This is the value of
your retirement account(s) as of December 31, 2008. |
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9
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Box 7. TYPE OF IRA |
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Box 7 shows whether this Form 5498 is for your IRA, SEP, SIMPLE or Roth IRA. |
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10
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Box 8. SEP CONTRIBUTIONS |
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Box 8 reports the
total SEP contributions made to your retirement account(s) in
2008, including contributions made in 2008 for 2007, but not
including contributions made in 2009 for 2008.
Form 1040 tax reporting: Please consult your tax advisor
for information on how to report SEP contributions. |
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11
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Box 9. SIMPLE CONTRIBUTIONS |
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Box 9 reports SIMPLE
contributions made to your retirement account(s) in 2008.
Form 1040 tax reporting: Please consult your tax advisor
for information on how to report SIMPLE contributions. |
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12
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Box 10. ROTH IRA CONTRIBUTIONS |
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Box 10 reports the
total regular contributions made
to your Roth IRA account through April 15, 2009, and designated
for 2008. Contributions to a Roth IRA are not deductible.
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13
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Box 11. IF CHECKED
REQUIRED MINIMUM DISTRIBUTION FOR 2009 |
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Due to recent legislation, the required minimum distribution (RMD)
has been waived for 2009 and this box will not be checked. Please refer to the "Questions & Answers" portion
of this guide for important information about your 2009 RMD. |
