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Subject:  Rothe IRA - Qualifying Income Date:  12/8/2010  3:52 PM
Author:  ORA100 Number:  111607 of 127753

To establish a Roth IRA there are just two requirements. First, you or your spouse must have qualifying income at least equal to the amount contributed. And second, your modified adjusted gross income can't exceed certain limits.

What is the definition of qualifying income? Does it include interest and dividends? If one spouse has qualifying income at least equal to the amount contributed and the other spouse doesn't (stay at home) can they both contribute to their individual Roth IRA's?

Thanks for the great help.
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