TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


IRA on Rental Income

February 23, 2010

Today TaxMama hears from Bill in the TaxQuips Forum with a common misconception. “I have a W-2 through my employer and contribute to their 401k plan. I also have $30,000 net rental income from Schedule E as a sole proprietorship. Can I contribute to a S