I also have another question.
My son, a high school student, received $1244 1099-NEC from teaching at a local non-profit school, along with additional $2300 w-2 income. On his tax return the $1244 was entered in 1099-NEC section, and counts as taxable income for Federal and State taxes. However he is not able to contribute $3000 amount to a Roth IRA, as it says he has exceeded his earned income ($2300 of w-2).
I'm wondering, does the 1099-NEC count as taxable income even he only earned a total of $3500? And if 1099-NEC does count as earned income, why can't it be contributed to Roth IRA?
