Discussion:COMPENSATION ELIGIBLE FOR IRA CONTRIBUTION
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Discussion Forum Index --> Tax Questions --> COMPENSATION ELIGIBLE FOR IRA CONTRIBUTION
| 1 March 2007 | |
| I HAVE A CLIENT THAT WANTS TO MAKE AN IRA CONTRIBUTION AND THE ONLY INCOME THEY HAVE OTHER THAN INTEREST AND DIVIDENDS IS A TRUSTEE FEE WHICH HAS TO BE REPORTED AS OTHER INCOME, NOT SUBJECT TO SE TAX. IS THIS INCOME ELIGIBLE COMPENSATION FOR AN IRA CONTRIBUTION? | |
Death&Taxes (talk|edits) said: | 1 March 2007 |
| No, you need earned income. | |
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