Yes ... please read the rules:
General Limit
For 2018, the most that can be contributed to your traditional IRA generally is the smaller of the following
amounts.
• $5,500 ($6,500 if you are age 50 or older).
• Your taxable compensation (defined earlier) for the
year.
What Isn’t Compensation?
Compensation doesn’t include any of the following items.
• Earnings and profits from property, such as rental income, interest income, and dividend income.
• Pension or annuity income.
• Deferred compensation received (compensation payments postponed from a past year).
• Income from a partnership for which you don’t provide
services that are a material income-producing factor.
• Conservation Reserve Program (CRP) payments reported on Schedule SE (Form 1040), line 1b.
• Any amounts (other than combat pay) you exclude
from income, such as foreign earned income and
housing costs.
