I have existing Roth and Traditional IRAs from previous W-2 employments.
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You must have taxable compensation to contribute to an IRA. Passive income from rental real estate is not taxable compensation. See this IRS website for IRA contributions - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...
And IRS Publication 590-A for compensation - https://www.irs.gov/publications/p590a/ch01.html#en_US_2016_publink1000230355
You must have taxable compensation to contribute to an IRA. Passive income from rental real estate is not taxable compensation. See this IRS website for IRA contributions - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...
And IRS Publication 590-A for compensation - https://www.irs.gov/publications/p590a/ch01.html#en_US_2016_publink1000230355
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