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Old 04-15-2013, 02:26 PM
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Join Date: Apr 2013
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Eligibile for IRA Contribution?

Didnt work at all in 2011 except for the last two weeks of the year (pay period 12/18/11 - 12/31/11). Earnings would constitute w-2, box 1 wages -- however payment wasnt received until early January 2012.

On the one hand, I had "earned income" in 2011, however we was not received/paid until 2012...It was obviously not reported on a 2011 W-2.

Can I make an IRA contribution, submitting my pay stub showing the 2011 pay period and earnings in lieu of a W-2?

thanks!



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Old 04-16-2013, 01:50 AM
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Join Date: Oct 2010
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“Can I make an IRA contribution, submitting my pay stub showing the 2011 pay period and earnings in lieu of a W-2?”================>To contribute to an IRA, you must have some amount of taxable, earned income during the year—like salaries, wages, tips, bonuses, commissions, self-employment income, or alimony; even if your wage was not reported on your 2011 W-2, you can contribute to an IRA for 2011; you were required to include in gross income amounts that, though not actually received, were deemed received during the tax year of 2011( since you earned taxable income in 2011 and were under age 70 ½, you can contribute ) .



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