My wife has over $7k in W2 comp. (box 1) which is nonqualified" (box 11). Can that income qualify as earned income for purposes of making a Roth contribution?

kathyblum · ‎March 20, 2020

The turbotax program says her earned income is zero and thus can't make a contribution.

dmertz · ‎March 20, 2020

No, nonqualifed deferred compensation is not compensation that will support an IRA contribution. The amount on a W-2 that will support an IRA contribution is the amount in box 1 minus the amount in box 11.

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dmertz · ‎March 20, 2020

No, nonqualifed deferred compensation is not compensation that will support an IRA contribution. The amount on a W-2 that will support an IRA contribution is the amount in box 1 minus the amount in box 11.

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My wife has over $7k in W2 comp. (box 1) which is nonqualified" (box 11). Can that income qualify as earned income for purposes of making a Roth contribution?

My wife has over $7k in W2 comp. (box 1) which is nonqualified" (box 11). Can that income qualify as earned income for purposes of making a Roth contribution?

My wife has over $7k in W2 comp. (box 1) which is nonqualified" (box 11). Can that income qualify as earned income for purposes of making a Roth contribution?

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My wife has over $7k in W2 comp. (box 1) which is nonqualified" (box 11). Can that income qualify as earned income for purposes of making a Roth contribution?

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My wife has over $7k in W2 comp. (box 1) which is nonqualified" (box 11). Can that income qualify as earned income for purposes of making a Roth contribution?

My wife has over $7k in W2 comp. (box 1) which is nonqualified" (box 11). Can that income qualify as earned income for purposes of making a Roth contribution?

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