MinhT1
Expert Alumni

Get your taxes done using TurboTax

Income reported in box  7 of form 1099-MISC is self-employed income and is definitely earned income.

 

TurboTax will treat this income as earned income and should allow you to contribute to an IRA, except if you are limited by income when you are also an employee and are covered by a retirement plan at work.

 

Please read this IRS document for more information.

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