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Level 2
posted Mar 22, 2022 10:06:49 PM

I have income on a Schedule C and IRA ?

This year I received a 1099-NEC and filed a Schedule C.  Can I open an IRA in my name based on this income source

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1 Replies
Level 15
Mar 22, 2022 10:09:52 PM

this is earned income that would qualify for an IRA contribution if you meet all the other requirements for qualifying.