5305-R

Roth Individual Retirement Trust Account

Agency
IRS
Revision
Rev. April 2017
Fillable fields
9
Pages
2
Official source
IRS form page
Checked
October 21, 2026
Fill 5305-R online
Page 1 of form 5305-R

Form 5305-RA: Roth Individual Retirement Custodial Account

Form 5305-RA is a model custodial account agreement that, in the words of its instructions, meets the requirements of section 408A of the Internal Revenue Code. The instructions say a Roth individual retirement account (Roth IRA) is established after the form is fully executed by both the individual, called the depositor, and the custodian. The account has to be created in the United States for the exclusive benefit of the depositor and his or her beneficiaries.

Only Articles I through VIII have been reviewed by the IRS. Article IX is open space for additional provisions the depositor and the custodian agree to. The instructions note that, unlike contributions to traditional individual retirement arrangements, contributions to a Roth IRA are not deductible from the depositor's gross income.

The form is not filed with the IRS. It says "Do not file Form 5305-RA with the IRS. Instead, keep it with your records." This is the April 2017 revision, so its contribution limits are for 2013 through 2017 and its income phase-out ranges are for 2017. You can fill it out free in your browser on this page and download the result without an account.

What's on Form 5305-RA

Header

The depositor's name, date of birth and address, the account number, a box to check if this is an amendment, and the custodian's name and address. A line records the amount the depositor assigned to the account.

Article I: contributions

Apart from a qualified rollover contribution under section 408A(e) or a recharacterized contribution, the custodian accepts only cash contributions up to the yearly limit the form prints.

Article II: income limits

The annual contribution limit is gradually reduced to $0 for higher adjusted gross income (AGI). For a joint return, the limits apply to the combined AGI of the depositor and spouse.

Articles III and IV: the account

Article III says the depositor's interest is nonforfeitable. Article IV bars investing in life insurance contracts and in collectibles, except certain gold, silver and platinum coins, coins issued under state law and certain bullion.

Article V: distributions after death

Rules for paying the remaining interest over the designated beneficiary's life expectancy or by the end of the year containing the fifth anniversary of the depositor's death, and for a surviving spouse.

Articles VI to IX and signatures

Reports, controlling provisions and amendments, then Article IX for additional provisions and signature lines for the depositor, the custodian and, only if a signature has to be witnessed, a witness.

How to fill out Form 5305-RA

  1. 1

    Depositor details

    Enter the depositor's name, date of birth and address, and the account number at the top of page 1.

  2. 2

    Custodian details

    Enter the custodian's name and address or principal place of business. Check the box marked "Check if amendment" only when this form amends an existing agreement.

  3. 3

    Amount assigned

    Enter the dollar amount on the line that reads "The depositor assigned the custodial account $" in the opening paragraph.

  4. 4

    Review Article V

    The instructions say elections made under Article V should be reviewed periodically to make sure they correspond to the depositor's intent.

  5. 5

    Article IX

    Add any agreed provisions, such as definitions, investment powers, voting rights, the custodian's fees or state law requirements, and attach pages if needed. If none, draw a line through the space.

  6. 6

    Sign and date

    The depositor and the custodian sign and date page 2. The form says to use the witness line only if a signature is required to be witnessed.

Why fill Form 5305-R on indox

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Where it goes, limits and taxes

Where it goes

Nowhere. The form says "Do not file Form 5305-RA with the IRS. Instead, keep it with your records."

Limits in this revision

Article I lists $5,500 per year for 2013 through 2017, or $6,500 for individuals who reached age 50 by the end of the year. The form says later years are adjusted for cost of living, if any.

Phase-out ranges for 2017

Article II prints AGI ranges of $118,000 to $133,000 for a filer who is single or treated as single, $186,000 to $196,000 for married filing jointly, and $0 to $10,000 for married filing separately.

Excess contributions

The instructions say the depositor may be subject to a 6% tax on excess contributions, for example when the depositor's AGI exceeds the Article II limits for the tax year.

Distributions

The instructions say distributions after 5 years made when the depositor is 59½ or older, or on account of death, disability, or a first-time home purchase (limited to $10,000), are not includible in gross income.

Added provisions

Provisions added in Article IX have to comply with state law and the Internal Revenue Code, and the form says they may not imply that the IRS reviewed or pre-approved them.

Related forms

Who completes Form 5305-RA?

  • Depositors

    The instructions define the depositor as the person who establishes the custodial account. The depositor's name, date of birth and address go at the top of page 1, and the depositor signs on page 2.

  • Custodians

    The instructions say the custodian is a bank or savings and loan association, as defined in section 408(n), or any person who has the approval of the IRS to act as custodian.

  • Surviving spouses

    Under Article V, a surviving spouse who is the designated beneficiary is treated as the depositor. The instructions say an overriding provision in Article IX can treat the spouse as the beneficiary instead.

  • Beneficiaries

    Article V sets how the remaining interest is distributed to a designated beneficiary who is not the surviving spouse, or when there is no designated beneficiary.

  • The IRS gets reports, not the form

    Under Article VI, the custodian agrees to submit to the IRS and the depositor the reports prescribed by the IRS. The agreement itself stays with the records.

The form is an agreement between the person opening the Roth IRA and the custodian that holds it. Nobody sends it to the IRS.

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Questions about Form 5305-R

Do I send Form 5305-RA to the IRS?

No. The form says "Do not file Form 5305-RA with the IRS. Instead, keep it with your records."

Who fills out Form 5305-RA?

The depositor, who establishes the custodial account, and the custodian. The instructions say the Roth IRA is established once both have fully executed the form.

Which parts did the IRS review?

The instructions say only Articles I through VIII have been reviewed by the IRS. Article IX holds any additional provisions.

What contribution limits does this revision show?

The April 2017 revision lists $5,500 per year for 2013 through 2017, or $6,500 for individuals who reached age 50 by the end of the year, with cost-of-living adjustments, if any, for later years.

Are Roth IRA contributions deductible?

The instructions say that, unlike contributions to traditional individual retirement arrangements, contributions to a Roth IRA are not deductible from the depositor's gross income.

What happens when the depositor dies?

Article V says a surviving spouse who is the designated beneficiary is treated as the depositor. Otherwise the interest is paid over the beneficiary's life expectancy or by the end of the year containing the fifth anniversary of the death.