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?
Make a postAsk questions and learn more about your taxes and finances.
swhampton7
Level 2
rsevrie
Returning Member
JH0412
Level 2
tomwintexas
New Member
nsl2002
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.