Author Topic: ROTH IRA  (Read 2344 times)

pka222

  • Stubble
  • **
  • Posts: 105
  • Age: 42
  • Location: south pacific
ROTH IRA
« on: April 10, 2012, 07:25:11 PM »
Is it possible to contribute to a Roth IRA if your only income is foreign earned income (filed on a 2555 form)? I made a few hundred in dividends but nothing else in the US, can I still contribute to my IRA?
Thanks

Grigory

  • Stubble
  • **
  • Posts: 228
  • Location: Seattle, WA
  • (rhymes with "story")
    • my attempt at blogging
Re: ROTH IRA
« Reply #1 on: April 10, 2012, 10:47:15 PM »
Sorry, but that'd be impossible. According to IRS Pub 590,  foreign-earned income doesn't count.

pka222

  • Stubble
  • **
  • Posts: 105
  • Age: 42
  • Location: south pacific
Re: ROTH IRA
« Reply #2 on: April 10, 2012, 11:14:08 PM »
Awesome Grigory - I guess I'll just have to get those dividends to pay a bit more next year
Cheers