Roth IRA earned income question
Can yearly spousal support, from a divorce decree prior to the 2018 tax reform act, be considered as earned income to make a Roth IRA contribution at any age?
Can yearly spousal support, from a divorce decree prior to the 2018 tax reform act, be considered as earned income to make a Roth IRA contribution at any age?
Permalink Submitted by Alan - IRA critic on Sun, 2019-03-17 15:57
It it is taxable alimony, it is treated as taxable compensation for IRA contribution purposes. The key word is “taxable”.