OMB No. 1545-0203
- 5 329 Return for Individual Retirement Arrangement = |_SW2 8.50703 __
rm n
and Qualified Retirement Plans Taxes 1988
Department of the Treasury (Under Sections 72, 4973, 4974 and 4981A of the Internal Revenue Code) Attachment
Internal Revenue Service D> Attach to Form 1040. Sequence No. 29
Name of individual subject to penalty tax Your social security number

‘Address (number and street)

City or town, state, and ZIP code Check this box if this is
an Amended Return » = []

Excess Contributions Tax for Individual Retirement Arrangements (Section 4973)

Complete this part if, either in this year or in earlier years, you have contributed more to your IRA than is or
was allowable as a deduction and you have an excess contribution subject to tax.

1 Excess contributions for 1988 (see instructions). Do not include this amount on Form 1040, lines 25a or b 1
2. Earlier year excess contributions not previously eliminated (see instructions) . 2
3 Contribution credit. (If your maximum allowable deduction for 1988 is more
than your actual contribution, see instructions for line 3; otherwise, enter zero.) 3
4a

4a 1988 distributions from your IRA account that are includible in taxable income
b 1987 tax year excess contributions (if any) withdrawn after the due date
(including extensions) of your 1987 income tax return, and 1986 and earlier
tax year excess contributions withdrawn in1988 . . . . .. .. . 4b

¢ Addlines 3 through 4b... 4c MM

5 Adjusted earlier year excess contributions (Gubtract line 4c from line 2. Enter the result, but not less than
Zero.) .

5

6 Total excess contributions (add lines 1 and 5) . 6

7 Tax (Enter 6% of line 6 or 6% of the value of your IRA on 1 the last ey of 1988, whichever i is small.)
an here and on Form 1040, line52_—. : 7
Tax on Early Distributions (Section 72) _

Complete this part if a distribution was made from your IRA, other qualified retirement plans and annuity contracts
before you reached age 5942. Also, enter the amount of the distribution on the appropriate line (or lines) of Form 1040.

8 Amount of early distributions you received from an IRA or a aualified retirement plan includible in gross

income... we ee  ) 8
Ya Distributions received that are attributable to prohibited transactions 9a
b Distributions received that are attributable to the re pledging of of account as
security foraloan . Lee an 9b
¢ Investments in collectibles treated as distributions 9c
4 Total (add lines 9a through 9c) . 9d
10a Total amount of early distributions includible in gross income (add lines 8 and 9d) 10a
b Amount excluded from additional tax (Complete Question 1 of “Other
Information”) ee ee ee LOD
¢ Balance (subtract line 10b from 10a). 10¢
11a Section 72(t) tax (multiply line 10c by 10% (.10)) . ila
b Section 72(q) tax(see instructions) . 2... 2. 11b
¢ Total section 72 tax due (add lines 11a and b). EnterhereandonForm1040,line52.... =. =. . {Ile

For Paperwork Reduction Act Notice, see page 1 of Instructions. Form 5329 (1988)


Form 5329 (1988)

Page 2

[Part Wl] Tax on Excess Accumulation in Individual Retirement Plans (Section 4974)

12 Minimum required distribution. 12
13 Amount actually distributed to you 13
14 Subtract line 13 from line 12. If line 13 is greater than line 12, enter zero . 14
15 Tax due (multiply line 14 by 50% (.50)). Enter here and on Form 1040, line 52 . 15
<img axon Excess Distributions From Qualified Retirement Plans (Section 4981A)

Lines 16 through 19c are to be completed for regular distributions ONLY.
16 Enter the aggregate amount of regular retirement distributions 16

17a Enter the applicable threshold amount on 17,529 or $180, 000) (see
instructions) . . . ... , [Za

b 1988 recovery of grandfather amount (from Worksheet) . . . . . . . (7b MM

c Enter the greater of line 17aor17b . . Lo 17¢
18 Excess distributions (subtract line 17c from line 16). aa 18
19a Tentative tax (multiply line 18 by 15% (.15)) . 19a

b Section 72(t) tax offset (see instructions) . 19b

¢ Tax due (subtract line 19b from line 19a). Enter here and on Form 1040, line 52 19¢

Lines 20 through 23c are to be completed for lump-sum distributions omy.
20 Enter the aggregate amount of your lump-sum distributions . 20
21a Enter the applicable threshold amount _ 65876 645 or $750, 0000 we | ]
instructions) 2 2 2. 21a Y

b 1988 recovery of grandfather amount (from Worksheet) . . . . . . . |21b

c Enterthe greater ofline2laor2lb. . . . Pe 21c
22 Excess distributions (subtract line 21c from line 20). 22
23a Tentative tax (multiply line 22 by 15% (.15)) 23a

b Section 72(t) tax offset (see instructions) 23b

¢ Tax due (subtract line 23b from line 23a). Enter here and on Form 1040, line 52 23c
Other Information

Yes | No
1 Did you receive any early distributions from a qualified retirement plan (as defined in section 4974(c)) that are Mh

excludable from the additional tax? .

\f “Yes,” enter the amount to be excluded on line ‘tob and the appropriate No. for the corresponding Code section

contained in the instructions for line 10b that allows the exception here >

2 Do you elect the special grandfather rule under Regulations section 54.4981A-1T to exempt from tax the portion of MU Mh
distributions treated as a recovery of benefits accrued on or before August 1, 1986? (See Part IV Instructions) . .
If “Yes,” enter: (a) your initial grandfather amount P $ _........2..2..--- ee ; and (b) check the grandfather recovery
method you are electing: [1 Discretionary method; [] Attained age method

3 Check here » [] if you are electing the discretionary method and wish to make an acceleration election under j/

Regulations section 54.4981A-1T b-12.
4  Checkhere >» [1] if you made an acceleration election in 1987 and wish to revoke that election.

Under penalties of perjury, | declare that | have examined this return, including accompanying schedules and statements, and to the best of my knowledge and

Please | belief, itis true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge,
Sign
Here » Your signature » Date
. Preparer's Date 7 7 Preparer's social security no.
Paid signature Check if set : :
Preparer's employe i i

Firm's name (or
Use Only | yours, if self-employed) E.1.No._p>
and address ZIP code_ >