I have 8,000 from an internship which requires me to be a student. Per the rules, since being enrolled in a 4 yr college is required to participate in this internship and be paid, tuition is qualified business expense for this 1099 NEC activity. My tuition is 10,000 and therefore my net earned income is -2k. My question is, does the 8k earned income still get added to my total earned income which is then used to determine the amount of money I am allowed to put in a ROTH IRA for 2020? Right now, it does not appear that turbo tax is adding the 8k to my earned income and so I am only allowed to add a small amount to a ROTH IRA based on a little W2 income I had. I see other glitches in the software for 1099 NECs and think this may be another one? Thanks for any ideas.
