lovemahal-1
Level 3
09-09-2020
03:55 PM
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George4Tacks
Level 15
09-09-2020
04:49 PM
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Was there net earned income? If not, then the ROTH is an excess contribution and subject to penalty until removed.
Answers are easy. Questions are hard!
sjrcpa
Level 15
09-09-2020
05:04 PM
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If all foreign earned income was excluded, there is no earned income left upon which to base a ROTH IRA contribution.
Been there and seen that.
The more I know the more I don’t know.