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ROTH IRA
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Topic: ROTH IRA (Read 3205 times)
pka222
Stubble
Posts: 105
Age: 46
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
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Grigory
Stubble
Posts: 228
Location: Seattle, WA
(rhymes with "story")
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.
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pka222
Stubble
Posts: 105
Age: 46
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
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ROTH IRA