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-   -   Home Country Pensions contributions validity for IRA (https://www.askmehelpdesk.com/showthread.php?t=63544)

  • Feb 16, 2007, 06:55 PM
    pavitra
    Home Country Pensions contributions validity for IRA
    I am on L1 visa. I contribute $800 per year in a pension plan at my home country (India). Can that be claimed as IRA contribution for US tax purposes ?
  • Feb 17, 2007, 12:29 AM
    AtlantaTaxExpert
    No, you cannot count that as an IRA contribution. Such contributions must be made with a recognized IRA custodian in the United States.

    If the contribution is pre-tax, then it should already be deducted from your stated India-based income.

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