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I read the rules for Married filing jointly which stated the maximum AGI is $150,000 for before the phase out for contributions. My question is this only 'earned' income or 'all' income. Our earned income is under this limit but we ahve some capital and I was lucky enough to win $50,000 on a radio show which pushes our AGI over the $150,000. Thanks for the help.
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<< I read the rules for Married filing jointly which stated the maximum AGI is $150,000 for before the phase out for contributions. My question is this only 'earned' income or 'all' income. >>

The only income excluded from the Modified AGI used to determine Roth contribution eligibility is the income from conversions of traditional IRAs to Roth.

TMF ExRO
Phil Marti
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