he did not file his tax return by the due date, he is only eligible to contribut

Question

he did not file his tax return by the due date, he is only eligible to contribute to a Roth IRA for 2016. cause he did not file his tax return before the due date but did file it before the extension due date, he is eligible to se make half the maximum IRA contribution for 2016. He is eligible to make the maximum IRA contribution because he filed his 2016 tax return before the extension due dat Mark for follow up Question 15 of 75. Form 8606 is used for all of the following purposes EXCEPT: O To claim an exception to the penalty on an early distribution from a retirement plan. O To calculate the taxable portion of a traditional IRA distribution. O To determine the taxable amount of a nonqualified distribution from a Roth IRA. O To determine the taxable amount of a traditional IRA converted to a Roth IRA. 2 Mark for follow up

Explanation / Answer

Form 8606 is not used to claim an exception to the penalty on an early distribution from a retirement plan Option 1 is correct

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