Do gambling winnings qualify for income for IRA contributions?

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Do gambling winnings qualify for income for IRA contributions?

No. Gambling winnings are not earned income unless you are a professional gambler and reporting your income and expenses on a Schedule C.

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Do gambling winnings qualify for income for IRA contributions?

No. Gambling winnings are not earned income unless you are a professional gambler and reporting your income and expenses on a Schedule C.

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