Solved: I am a research trainee at the National Institutes of Health who is paid through 1099G. I wonder how flexible the IRS would be in letting me contribute to a Roth IRA.
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I am a research trainee at the National Institutes of Health who is paid through 1099G. I wonder how flexible the IRS would be in letting me contribute to a Roth IRA.

 
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Alumni
Alumni

I am a research trainee at the National Institutes of Health who is paid through 1099G. I wonder how flexible the IRS would be in letting me contribute to a Roth IRA.

I don't think they would be flexible at all, especially if you don't report it as self-employment income and pay self-employment tax.  The SE tax would likely offset any advantage to a ROTH IRA

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Alumni
Alumni

I am a research trainee at the National Institutes of Health who is paid through 1099G. I wonder how flexible the IRS would be in letting me contribute to a Roth IRA.

I don't think they would be flexible at all, especially if you don't report it as self-employment income and pay self-employment tax.  The SE tax would likely offset any advantage to a ROTH IRA

View solution in original post

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