- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Earned income for IRA contribution
I made a contribution to my Roth IRA and I'm getting a penalty for excess contribution and an explanation that it's due to having zero earned income. However, I have substantial gross income on my Schedule C. I do have a net loss, but my understanding is that shouldn't matter. Why is my Schedule C income not being included as earned income?
Topics:
‎October 15, 2023
9:31 AM