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    vijay15685's Avatar
    vijay15685 Posts: 6, Reputation: 1
    New Member
     
    #1

    Feb 9, 2007, 12:01 PM
    Roth IRA for F1 student
    Hi AtlantaTaxExpert,

    I am a student of Indian citizenship with an F1 visa, in the US since Aug. 2003. I file taxes using the 1040NR-EZ form.

    I was wondering if it would be possible to contribute towards a Roth IRA in my current status. From the research I did on the internet it seems like I can, since I am considered a non-resident alien, and they are allowed to. I wanted to confirm this with you.

    Also are there are any implications for the IRA, being an F1 student? Will there be any issues if my status changes later on, to OPT or H1-B? Thank you for your time and help.

    Sincerely,
    Vijay
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,834, Reputation: 846
    Senior Tax Expert
     
    #2

    Feb 9, 2007, 03:46 PM
    Vijay:

    Yes, you can fund and report a Roth IRA as a non-resident alien.

    No, it will cause no issues when you apply to convert to H-1B.

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