470pitt
Level 3
12-07-2019
04:06 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My client has income reported on a 2555 and his wife has us income they both contributed to a Roth IRA 6500 for him and 5500 for her why is calculating a penalty for over contribution he does have income
Best Answer Click here
Labels
rbynaker
Level 14
12-07-2019
04:06 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Is there any non-excluded earned income on the return?
If you add back the excluded foreign income, are they above the Roth IRA contribution limit?
https://www.thebalance.com/ira-for-workers-abroad-3193218
Rick
