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rosspgold
New Member

I opened a ROTH IRA in 2017. I don't qualify to have it or contribute to it. I live and work in Korea and took the foreign income exclusion (no income).What do I do?

 
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1 Reply
KarenJ2
Expert Alumni

I opened a ROTH IRA in 2017. I don't qualify to have it or contribute to it. I live and work in Korea and took the foreign income exclusion (no income).What do I do?

You could adjust your foreign income input so that you are left with taxable earned income on your tax return, enough to allow the contribution.  I would also contact your investment company to discuss your situation to see what options you have.

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