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Level 2
posted Mar 1, 2021 12:56:37 PM

Contribution to an IRA or Roth IRA

Can I contribute to an IRA or Roth IRA if my modified AGI doesn't have any wages in it?  My modified AGI is only interest and dividends.

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1 Replies
Expert Alumni
Mar 1, 2021 1:10:31 PM

No, unfortunately, your IRS limit is the amount of taxable compensation so interest and dividends would not qualify.