ThomasM125
Expert Alumni

Deductions & credits

@mcb56

You would have to pay self-employment or social security tax on the income for it to be considered earned income. Virtually all earned income is taxed for social security/self-employment tax.

 

If it appears on line 8 of your form 1040 it would not be considered earned income, so you could not qualify for a ROTH IRA contribution based on it.

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