Bill wrote:
- quote -

You may also need form 8606 (back side). On it is where you
will show that your withdrawl is less than (and thus a
return of) your contribution(s).

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welshdragon[at]ameritech.net (FL) posted:

- quote -

Pub 590 for 2004 returns (the "bible" on IRAs) states on
page 58 that "You do not include in your gross income ...
distributions that are a return of your regular
contributions from your Roth IRA."

The 1040 Instructions advise you to report the distribution
reported on the 1099 on line 15a, but enter -0- on line 15b.
There are some exceptions noted -- e.g., if the 1099 shows
a code T or Q in box 7 -- but if none of those apply, that
should do it.

Generally, all items that are reported to you on a W-2 or
1099 must be treated on your return, or the ultimate
matching of data will generate an IRS query sometime in the
future.

Bill

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I had a Roth IRA for a few years. I put in $3,000 dollars
into it. It never made any money so last year (2004), I
closed the account.

The total amount that was distrubuted back to me was under
$2903.00. The bank sent me a 1099-R showing this info.

Do I need to report anything on my Federal/State (IL) tax
statement since I didn't take out any profit (no earnings)?
If so, where does it go. I file jointly and do not itemize
since I cannot beat the standard given deduction.

Thanks for your help in advance.
Frank

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