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Eric4Tax
Returning Member

Roth IRA

Can I contribute full 7K to a Roth IRA with inhertiance money when I make no income? I am over 58 years old

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‎July 15, 2020 5:04 PM
last updated ‎July 15, 2020 5:04 PM
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Carl
Level 15
Level 15

Roth IRA

No. retirement contributions, both ROTH and traditional are based on "EARNED" income. Inherited money is not earned.

 

‎July 21, 2020 3:38 PM
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