- Contributions , including the contribution that is being distributed as a return-of-excess contributions
- Recharacterized contributions
- Transfers to the IRA
- Conversions to the IRA (in the case of a Roth IRA)
Additional Helpful Information
- If an IRA is not usually valued on a daily basis, the fair market value of the account at the beginning of the computation period is the most recent, regularly determined, fair market value of the account. This is determined as of a date that coincides with or precedes the first day of the computation period. For instance, assume the IRA is not valued on a daily basis but a monthly statement is provided; if the calculation is being done in June, the month-end value on the statement for May would be used as the fair market value for the beginning of the computation period.
- NIA calculations and allocations must be based on the overall value of an IRA and the dollar amounts contributed, distributed or recharacterized to or from the IRA. As a result, the principal amount of regular Roth IRA contributions cannot be protected against adjustment for their pro rata share of net income, including any net losses, during the computation period