Other/misc income not counted as Earned Income
Comments
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What type of income was the miscellaneous/other income? You can only base IRA contributions on earned income. If you didn't identify it as earned income in the software, you can't use it to determine your IRA contribution limit.
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it was money I made as a salesman but my employer pays me in cash and not a w2 or 1099 so I put it in other income
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If you want it to count as earned income, it would have to be reported on Schedule C as self-employment income.
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