Long-term disability eligible for IRA contributions
Does the definition of earned income, eligible for IRA contributions, include taxable long-term disability payments?
Does the definition of earned income, eligible for IRA contributions, include taxable long-term disability payments?
Permalink Submitted by Alan - IRA critic on Tue, 2014-11-04 01:14
If reported on a W-2, the Box 1 less Box 11 amount is a safe harbor for IRA earned income. If reported on a 1099R, it is generally not eligible.