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Does anyone know which line item on the tax form corresponds w/ the earned income amount? I'm trying to determine my IRA contribution limit and had low income last year.
I had low w/ both my gross & net income being less than $5,500 last year. I am now trying to determine my max amount for a Roth contribution for 2018. I think my limit would be my net profit from my contracting business. However, I think I could be wrong and it might be taxable income (line 10 on 1040) or possibly something else.
Can anyone confirm or correct me? Thank you.
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‎June 3, 2019
11:01 AM