The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: roth question||Date: 10/9/2011 10:32 PM|
|Author: CABob||Number: 69650 of 76418|
If taxes are paid, the income claimed on a 1040 form can potentially be contributed to an IRA, traditional or roth.
The criteria is: '
is the income taxable?'
I don't think this is correct. Income from interest, dividends, and capital gains is certainly taxable, but, is not earned income that can be contributed to an IRA.
I don't know about royalty income, but, I suspect it is not earned income in most cases.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|