My wife has 1099-NEC income, which has correctly created a Schedule C in the TurboTax Self Employed desktop program. We both have made the maximum Roth IRA contributions (for over 50), but the program is not carrying over the Schedule C net profit (line 31) to the Roth IRA Contribution Limit Worksheet (lines 5 or 7), so TurboTax is telling us that we are not eligible for Roth IRA contributions. However, IRS Pub 590 clearly states that self-employment income is included in compensation. In addition, the "Kay Bailey Hutchison Spousal IRA limit" states that both of our contributions would be fully eligible, as long as the combined income is over the contribution limits. In addition, she is not subject to the self-employment tax as a notary.
I believe this is an error in the TurboTax program that apparently carries over from last year's version from comments I've seen, including this one I'm replying to.
