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EITC eligibility with tIRA to rIRA Conversion & no earned income
Hi,
I made a contribution to a traditional IRA in 2019 and converted it in 2020 to a roth IRA. I will now owe taxes on that conversion next year come tax time. I will be a student all of 2020 with no income. Will I be eligible for the EITC with this conversion or is that conversion not considered "earned income" meaning it won't qualify for EITC. I am assuming the conversion does not count as "earned income". I am asking because I am trying to keep my investment income below the threshold for EITC if I would qualify. Thank you!
‎July 17, 2020
6:50 AM