520390

If I have a capital gain from the sale of an investment property, does that get added to my personal income in a manner that would effect Roth IRA contribution limits?

posted

Connect with an expert

2 Replies

If I have a capital gain from the sale of an investment property, does that get added to my personal income in a manner that would effect Roth IRA contribution limits?

Capital gains are included as part of your Adjusted Gross Income (AGI) and as part of your Modified Adjusted Gross Income (MAGI) when determining income limits for contributions to a Roth IRA.
See this IRS website Roth IRA limits - <a rel="nofollow" target="_blank" href="https://www.irs.gov/retirement-plans/amount-of-roth-ira-contributions-that-you-can-make-for-2017">ht...>

If I have a capital gain from the sale of an investment property, does that get added to my personal income in a manner that would effect Roth IRA contribution limits?

Yes. Capital gains are part of the MAGI calculation that limits your Roth IRA contribution.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

If I have a capital gain from the sale of an investment property, does that get added to my personal income in a manner that would effect Roth IRA contribution limits?

If I have a capital gain from the sale of an investment property, does that get added to my personal income in a manner that would effect Roth IRA contribution limits?

If I have a capital gain from the sale of an investment property, does that get added to my personal income in a manner that would effect Roth IRA contribution limits?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

If I have a capital gain from the sale of an investment property, does that get added to my personal income in a manner that would effect Roth IRA contribution limits?

Do you have an Intuit account?

If I have a capital gain from the sale of an investment property, does that get added to my personal income in a manner that would effect Roth IRA contribution limits?

If I have a capital gain from the sale of an investment property, does that get added to my personal income in a manner that would effect Roth IRA contribution limits?

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert