- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
partial Foreign Earned Income Exclusion and Roth IRA
I want to contribute $6000 to my 2019 Roth IRA. My salary does not exceed the limit. However, I am currently based out of the country. My entire salary can be excluded with the Foreign Earned Income Exclusion. However, Roth IRA does not allow excluded income to count towards the earned income requirement.
My question is can I voluntarily not exclude the full amount? For example, if my salary was $80k, can I exclude $74k only instead of $80k? That way, $6000 is now considered taxable income, but it also counts toward the Roth IRA minimum and I can then contribute to Roth IRA.
‎July 10, 2020
10:06 PM