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To contribute to a Traditional IRA, you must be under age 70½ at the end of the tax year. you, and/or your spouse if you file a joint return, must have earned income, such as wages, salaries, commissions, tips, bonuses, or net income from self-employment. Taxable alimony and separate maintenance payments received by an individual are treated as compensation for IRA purposes.
Earned income does not include earnings and profits from property, such as rental income, interest and dividend income, or any amount received as pension (including Social Security income) or annuity income, or as deferred compensation.
See https://www.irs.gov/taxtopics/tc451.html
To contribute to a Traditional IRA, you must be under age 70½ at the end of the tax year. you, and/or your spouse if you file a joint return, must have earned income, such as wages, salaries, commissions, tips, bonuses, or net income from self-employment. Taxable alimony and separate maintenance payments received by an individual are treated as compensation for IRA purposes.
Earned income does not include earnings and profits from property, such as rental income, interest and dividend income, or any amount received as pension (including Social Security income) or annuity income, or as deferred compensation.
See https://www.irs.gov/taxtopics/tc451.html
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