Permalink Submitted by Alan - IRA critic on Sat, 2022-02-19 02:16
If you are asking about the modified AGI figure over which Roth contributions are not allowed, if the 1099 is taxable, or in the case of self employment represents a figure from which expenses can be deducted, the net earnings from self employment adds to MAGI. Such income can also serve as the basis for taxable compensation required to make an IRA contribution in the first place.
Permalink Submitted by Alan - IRA critic on Sat, 2022-02-19 02:16
If you are asking about the modified AGI figure over which Roth contributions are not allowed, if the 1099 is taxable, or in the case of self employment represents a figure from which expenses can be deducted, the net earnings from self employment adds to MAGI. Such income can also serve as the basis for taxable compensation required to make an IRA contribution in the first place.