However, if you file a joint return and your spouse has earned compensation then that earned income can be applied to both your spouses IRA and your IRA, but the total of both spouses contributions cannot exceed the total earned compensation.
A RMD (Required Minimum Distribution) can never be rolled over, converted to a Roth or invested in any other tax deferred retirement account. Only new contributions that come from earned compensation can be added to an IRA.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
