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Can I use 1099K income for a Roth IRA contribution?
I have income from the sale of several sporting event tickets above face value on a 3rd party vendor's website that will be reported on a 1099K. I want to use that income to make a contribution to my existing Roth IRA. I have read the IRS.gov publications on income and IRAs but the answer is not 100% clear. Since I will pay taxes on the profit from the sales can I use that after tax income to make a Roth IRA contribution?
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‎December 26, 2022
10:10 AM