I receive LTD benefits from a plan paid for by an ex-employer. The benefits are deemed "earned income" and are on a w-2, with an insurance company as agent for the ex-employer. I have a 401k with the ex-employer, but no contributions have been made to the 401k during the tax year. I am not currently eligible for defined benefit plan payments.
Should I be classified as "Covered by an Employer Plan at Work" or not on the w2?
And if not, then am I therefore eligible to deduct a Traditional IRA contribution? or make a Roth IRA contribution?
