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CtruffTax
Level 2

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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‎March 22, 2022 10:06 PM
last updated ‎March 22, 2022 10:06 PM
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Mike9241
Level 15
Level 15

I have income on a Schedule C and IRA ?

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

 

‎March 22, 2022 10:09 PM
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