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New Member
posted Mar 30, 2020 3:17:32 PM

Roth IRA

What is the requirement?  Must one or both of us have earned income?

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1 Replies
Level 15
Mar 30, 2020 3:29:19 PM

Yes you have to have earned income from W2 wages or a Net Profit on Schedule C for self employment.  

 

See IRS publication 590A (page 39 for ROTH) https://www.irs.gov/pub/irs-pdf/p590a.pdf