The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/quotself-employment-income-if-you-are-14481862.aspx

Subject:  Re: Self-employed Roth IRA Date:  3/5/2001  11:58 PM
Author:  jbking Number:  28294 of 75337

"Self-employment income. If you are self-employed (a sole proprietor or a partner), compensation is the net earnings from your trade or business (provided your personal services are a material income-producing factor), reduced by the deduction for contributions made on your behalf to retirement plans and the deduction allowed for one-half of your self-employment taxes. " from http://www.irs.gov/forms_pubs/pubs/p5900102.htm

A Roth IRA is in a group that should be viewed as different from the Keoghs, SEPs, SIMPLEs, 401ks, 403bs, etc.

Here's a link to the IRS Pub on Roth IRAs:
http://www.irs.gov/forms_pubs/pubs/p590ch02.htm

JB
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us