Re: ira contributions

I have "earned income" on a W-2 from a non-qualified pension plan; am I allowed to make IRA contributions based on that as earned income?

posted

No. The IRS Pub 590A specifically says you can use the W-2 taxable compensation MINUS the box 11 amount for IRA contributions.

**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.**

Where to enter"Retirement Benefit benefit (contribution) made by Foreign employer

in Retirement tax questions

Expert does your taxes

Do it yourself

Resources

Support

ira contributions

ira contributions

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

ira contributions

Do you have an Intuit account?

ira contributions

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert