Facts: 100 % owner of S-Corp and is not on the payroll of the S-corpwants to start a simple IRA. Is this possible and where would it be reported on the k-1 of the S-corp?No ticket, no laundry. Without compensation (earned income), you cannot do a simple IRA through the s-corp. If you have other earned income, you could do a traditional or Roth IRA personally.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<