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Financial Planning / Tax Strategies


Subject:  Roth IRA eligibility for expat? Date:  1/4/2002  2:14 PM
Author:  chrisjurgens Number:  56756 of 123001

Background: I am 26 and working for the UK subsidiary of a US based consultancy. I am currently contributing to the company's UK retirement scheme and share purchase program, but would like to kick off a US IRA as well.

Question 1: Am I able to open up and contribute to a Roth IRA, given that I only have income earned abroad(UK) in 2001? What if I do not or (or cannot) exclude all of that 2001 foreign earned income on IRS Form 2555? Does that g