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Old 04-07-2004, 10:44 AM
Harlan Lunsford
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Default Re: No wages, Have unemployment benefit. IRA?

CRLackey wrote:

- quote -

> I was unemployed all year. State Unemployment benefit was
> recorded on a 1099G.
> Since unemployment benefit is a substitute for wages, can I
> contribute to my IRA?


Might be a "substitute", but it ain't the real thing.

Therefore, the answer is no.

Cheer$,
Harlan Lunsford, EA n LA

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Old 04-07-2004, 08:49 AM
Phil Marti
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Default Re: No wages, Have unemployment benefit. IRA?

CRLackey <creepingstone[at]netscape.net> writes:

- quote -

> I was unemployed all year. State Unemployment benefit was
> recorded on a 1099G.
> Since unemployment benefit is a substitute for wages, can I
> contribute to my IRA?


Nice try, but no.

Phil Marti
Topeka, KS

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  #-1  
Old 04-05-2004, 10:45 PM
CRLackey
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Default No wages, Have unemployment benefit. IRA?

I was unemployed all year. State Unemployment benefit was
recorded on a 1099G.

Since unemployment benefit is a substitute for wages, can I
contribute to my IRA?

Carl

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benefit, ira, unemployment, wages
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