The phase-out range for a Roth IRA contribution for 2019 for someone filing jointly begins at a modified AGI of $193,000 and goes through $203,000. Modified AGI for this purpose includes all of your taxable income, not just earned income (except for certain uncommon items), so it includes your taxable dividends from the S corp and the the taxable income from the LLP. Because your modified AGI is more than $203,000, neither you nor your wife is permitted to make a regular Roth IRA contribution for 2019.
HACKITOFF is suggesting the possibility of making contributions to a traditional IRA instead, then doing a Roth conversion, instead of making contributing regular contributions to Roth IRAs.
