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Author: TicoHombre Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: Re: Contribution Options no earned income Date: 7/11/2007 3:30 PM
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Thanks for the replies, Everyone!

I still think we're off the mark here as I don't receive a W-2. I'm not technically employed by the company. I am an officer of the s-corp and therefore receive a k-1 each year showing profits distributed to myself (and two others as a shareholder. So while it's profit, it's not technically "earned income." I also receive rental income which isn't "earned income" either. Seems like SEP, Roth and traditional IRA's require earned income to qualify.

I'm gonna cross post to the Tax Strategies board and see what they may say. Thanks again, the posts directed me toward more fruitful research.

I appreciate it!

TH
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