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http://boards.fool.com/i-was-rummaging-around-on-misctaxesmoderated-to-29371812.aspx
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| Subject: Re: Should I Convert? | Date: 6/21/2011 6:17 AM | |
| Author: TMFPMarti | Number: 113555 of 118626 | |
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I was rummaging around on misc.taxes.moderated to see if I could find one of the discussions I recall and was reminded of something else that might work in your situation. If you are paying Korean tax on your earnings you could take the foreign tax credit rather than electing the foreign earned income exclusion. This would leave your wages available as "taxable compensation" for IRA purposes. You'd have to run the numbers to see if it would be worthwhile. Lots of information in Pub 54. Phil Rule Your Retirement Home Fool |
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