You'll need to sign in or create an account to connect with an expert.
The requirement for a Roth IRA contribution is "compensation," not earned income. According to IRS Publication 590-A, taxable alimony from a pre-2019 divorce decree is considered compensation for the purpose of IRA contributions, including Roth IRA contributions.
Taxable alimony is not "earned income", but it is "compensation" for purposes of contributing to an IRA.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
NelehCr0z
Returning Member
yuhsien32
New Member
kiwi_jonnyboy
New Member
btu727
Level 1
user17754148967
Returning Member