IRA Eligible Compensation
Can anyone tell me where I can find IRS “Revenue Procedure 91-18”? I’ve searched the IRS.gov website and can’t find this procedure. It supposedly answers a question I’ve been searching for info on with regards to taxable disability income being eligible compensation for an IRA contribution. Supposedly if it’s reported in Box 1 of W2, then it qualifies.
Thanks for any information anyone can provide.
Regards,
Crow
Permalink Submitted by Anonymous (not verified) on Thu, 2011-04-07 16:07
Try this link
http://www.legalbitstream.com/scripts/isyswebext.dll?op=get&uri=/isysque…
Permalink Submitted by Alan Spross on Thu, 2011-04-07 17:39
The current W-2 boxes for the safe harbor is Box 1 less Box 11 per p 8 of Pub 590. Of course, there are other sources of taxable compensation that are eligible and not reported on a W-2.