Howdy tax code enthusiasts (and non-enthusiasts).I'm trying to get a grip on the new IRA provisions. I have one question that I haven't been able to answer from the posts on this board and the various web references.Currently I can't contribute to an IRA because my earned income is all foreign and exempted. But my foreign employer doesn't have any kind of pension program (at least not one that I am eligible for) and I would like to open an IRA as soon as possible. Am I out of luck with Roth IRAs too, as long as my earned income is entirely exempt? I'd like to move some investment income into an IRA if possible, and since I've already paid tax on the income one might logically conclude that it would be eligible as a non-deductible IRA contribution (up to $2000 - at least that part is crystal clear).An unrelieved taxpayer,Drew
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<