Question

 Which of the following is NOT a purpose of Form 8606?To claim an exception to the penalty on an early distribution from a retirement plan.  To calculate the taxable portion of a traditional IRA distribution.  To determine the taxable amount of a nonqualified distribution from a Roth IRA.  To determine the taxable amount of a traditional IRA converted to a Roth IRA.  Which item below is NOT added to the original basis to arrive at the adjusted basis of a home?The cost of improvements.  Assessments for local improvements.  The total amount of a casualty loss.  The cost of restoration after a casualty minus the insurance reimbursement.  
A contribution to a traditional IRA may be tax-deductible. Assuming the taxpayer meets the age and compensation requirements, what factor(s) determine whether their contribution is deductible?The taxpayer’s tax liability.  Whether the taxpayer is covered by an employer-sponsored retirement plan.  The taxpayer’s modified AGI and their tax liability.  The taxpayer’s modified AGI and whether they are covered by an employer-sponsored retirement plan.  

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