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IHSS W-2 income is exempt from tax, making Roth IRA contribution excess contribution.
IHSS W-2 Wages are now reported in miscellaneous income (IRA Notice 2014-7), not taxable W-2 wages. Because IHSS wages are not reported as taxable W-2 income, my Roth IRA contribution becomes 'excess contributions.' Is this correct? As was done with IHSS wages, is there a work around for this?
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May 31, 2019
11:56 PM