I run a small business and have a Solo 401k to which I contribute employer, employee pre-tax, and post-tax (for a roth rollover), up to the annual limit of $66,000.
My spouse has two IRAs, one Roth, one traditional, from when she used to work years ago. She no longer works.
My question is can I put an additional $6,500 into my non-working spouse's IRA even though I've got a solo 401k that I'm maxing out?
We use Fidelity for her accounts and mine. What's the mechanism for designating a contribution as a spousal contribution so it doesn't get flagged by the IRS?
My spouse has two IRAs, one Roth, one traditional, from when she used to work years ago. She no longer works.
My question is can I put an additional $6,500 into my non-working spouse's IRA even though I've got a solo 401k that I'm maxing out?
We use Fidelity for her accounts and mine. What's the mechanism for designating a contribution as a spousal contribution so it doesn't get flagged by the IRS?
Statistics: Posted by casualflower — Wed Jun 19, 2024 7:45 pm — Replies 1 — Views 81