CLE401kGuy Posted October 14, 2013 Share Posted October 14, 2013 Situation: Single taxpayer aged 25 W-2 $6,300 Sch C loss($5,236) started this business after working and getting above w-2 Adjusted gross income $13,198 (interest, dividends and capital gain make up the balance) Can the taxpayer make a $2,500 Roth contribution for 2012? What I'm reading points to max Roth contribution of $1,064, but a CPA's research seems to indicate the $2,500 is OK... Am I overlooking a key piece of info? Link to comment Share on other sites More sharing options...
ETA Consulting LLC Posted October 14, 2013 Share Posted October 14, 2013 You would use modified AGI to determine the income used for making the contribution. Good Luck! CPC, QPA, QKA, TGPC, ERPA Link to comment Share on other sites More sharing options...
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