I am currently a student and my only reportable income so far for the year is $2600.00 short term capital gain. I am wondering how much the maximum I can put in my Roth Ira for the year legally.Nothing. To contribute to an IRA, you must have "earned income." In the eyes of the IRS, earned income is reported on a Form W-2 (salaries and wages), Schedule C (business income), or Schedule F (farm income). You don't have earned income, so you can't contribute to an IRA.I hasten to point out, however, that there are three months left in the calendar year. If you were to work 10 hours per week, you would have the earned income to contribute to an IRA.David JacobsTMFDj
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