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1099 NEC and IRA
I am 72 and retired; however in 2023 I received a 1099 NEC for some work I performed. I have a traditional IRA of which I have not been able to contribute to but I am told that because I did work during 2023, I can now contribute to that IRA. Is that correct? Now, for 2024 I am required to take a RMD. How does that affect the contribution to my IRA (if I can contribute) ? Thanks!
‎January 24, 2024
6:50 AM