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Greta
Level 7
March 7, 2022
Solved

IRA conribution from an executor fee?

Can an executor fee (not a professional, just one-time fee) be eligible for an IRA  contribution?

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GretaAnswer
Level 7
March 7, 2022

No, hence not eligible for IRA. Right!

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3 replies

IRonMaN
IRonMaN
Level 15
March 7, 2022

Are you reporting it as self employment income?

Slava Ukraini!
    GretaAuthorAnswer
    Level 7
    March 7, 2022

    No, hence not eligible for IRA. Right!

      IRonMaN
      IRonMaN
      Level 15
      March 7, 2022

      You got the right idea 😁

      Slava Ukraini!
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