Roth IRA Eligibility

A semi-retiree (age 62) has 2017 W-2 income of $17,059 and a self-employment LOSS of -$10,783. How much can he contribute to a Roth IRA for 2017 based upon his earned income (his MAGI is well under the limits)?

If he does not have to reduce his W-2 income by the self employment LOSS for Roth IRA eligibility purposes, can he also make a spousal Roth IRA contribution?

Thank you.



The SE loss is not subtracted from wage income for IRA contribution purposes, so retiree could make up to 6500 Roth contributions for both client and spouse.

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