Your IRA contribution is limited by your earned income, so it would likely be $2,531, less your self-employment tax deduction if you had one, assuming the income is subject to self-employment tax. The income can't be from S corporation net income or non-self employment income from a partnership to qualify. To be sure, you should enter that amount in TurboTax and the program will inform you if it is not allowed, based on the other information on your return and your answer to the questions in the program.
@nlynch1
[Edited 2/24/22 at 4:52 PM PST]
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