@Rolex2001 --
From IRS Publication 590-A:
"You can open and make contributions to a traditional IRA if you (or, if you file a joint return, your spouse) received taxable compensation during the year."
"Wages, salaries, tips, professional fees, bonuses, and other amounts you receive for providing personal services are compensation. The IRS treats as compensation any amount properly shown in box 1 (Wages, tips, other compensation) of Form W-2, Wage and Tax Statement, provided that amount is reduced by any amount properly shown in box 11 (Nonqualified plans)."
https://www.irs.gov/publications/p590a
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
