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Deductions & credits
Ok. I looked on the Roth IRA Contribution Limit Worksheet and it looks like the profit on my Sch C can be shared with my spouse as to the contribution to a Roth.
In this case, the Roth earned income is not combining both Sch Cs -- one a profit and one a loss and then allowing the contribution. It's taking my earned income and sharing that with a spouse.
Wow. So many rules!!!
Thank you!!
March 22, 2024
4:55 PM