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Old 02-23-2007, 07:42 PM
maxtower maxtower is offline
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Join Date: Sep 2005
Posts: 1,264
Default Re: How to get \"earned income\" for Roth IRA

I don't think the check thing will work that well because you'll end up paying the taxes twice.

You pay the taxes on the money that you give to your friend. Then you have to pay the taxes on it once he gives it back to you. So thats no good.
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