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    pavitra's Avatar
    pavitra Posts: 10, Reputation: 1
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    #1

    Feb 16, 2007, 06:55 PM
    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 ?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Feb 17, 2007, 12:29 AM
    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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