topic I am being penalized for my Roth IRA contribution because the software doesn't recognize income from 1099-G and 1099-MISC. in Retirement tax questions

I am being penalized for my Roth IRA contribution because the software doesn't recognize income from 1099-G and 1099-MISC.

marisa-rubio — Tue, 04 Jun 2019 20:06:32 GMT

The message I get after putting in my Roth IRA contributions for 2015 says that I can't contribute more to a Roth IRA than my income (zero). This is not including my income which was reported on a 1099-G and 1099-MISC. How do I get this to recognize that I did not contribute more than my income?

To be able to make a Roth IRA contribution, you must have...

dmertz — Tue, 04 Jun 2019 20:06:34 GMT

To be able to make a Roth IRA contribution, you must have sufficient eligible compensation to support the contribution. Income on Form 1099-G and Form 1099-MISC is only eligible compensation if it is reported as income from self-employment on Schedule C and your Schedule C shows a net profit. Your net income from self-employment is your net profit minus the deductible portion of your self-employment taxes. Your eligible compensation is also reduced by any deductible contributions to self-employed retirement plans.

See What Is Compensation: https://www.irs.gov/publications/p590a/ch01.html#en_US_2015_publink1000230355

According to the IRS, you don't have to report your Roth...

DS30 — Tue, 04 Jun 2019 20:06:35 GMT

According to the IRS, you don't have to report your Roth contributions anywhere on your tax return. So just delete this information from your tax return.