Discussion:Fiduciary fee = earned income for IRA?

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Discussion Forum Index --> Tax Questions --> Fiduciary fee = earned income for IRA?

Jmb1007 (talk|edits) said:

17 March 2006
Is fuidiciary fee income considered earned income for the purposes of an IRA Contribution deduction? Thank you

Dennis (talk|edits) said:

17 March 2006
compensation does not have to be subject to SE tax to qualify. Jury duty qualifies as does your case.

Wes rickard (talk|edits) said:

18 March 2006
i know alimony qualites as "compensation" for ira but never have heard that executor or fiduciary fees qualify unless subject to s/e tax. so just on experience without any looking smells fishy to me. bye

HPTAX (talk|edits) said:

18 March 2006
Executors commissions qualify as compensation.

R2 (talk|edits) said:

3 November 2009
I agree that a fiduciary fee is normally not earned income as defined in Sec. 219; however, it would seem that it does qualify as compensation for purposes of the IRA contribution. Are there any rulings that address this issue?

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