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Figure the early withdrawal penalty using Form 5329 if any of your non-qualified Roth IRA distribution is taxable. This only occurs if you are taking out earnings from your Roth IRA because withdrawing contributions isn't taxable. Also, if you have an exception to the penalty, such as higher education expenses, document it on Form 5329. Step 5
If you're not claiming a deduction, either by choice or because you're covered by an employer plan and your adjusted gross income is too high, report the nondeductible traditional IRA contributions with Form 8606. Roth IRA contributions, on the other hand, do not appear on your tax return.istributions from any type of IRA always show up on your taxes, even if they are tax-free. If you've made nondeductible contributions to your traditional IRA, you have to use Form 8606 to figure the taxable and nontaxable portion. Otherwise, the entire amount is taxable.