@scott18 wrote:
Yes, I pay myself a w-2 salary but I defer all of that salary into a 401k thus showing $0 in box 1 on the w-2.
Then you have no "taxable compensation" for IRA contributions purposes. You have already used it for another retirement plan.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
