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Old 04-12-2018, 06:44 PM
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Can Hobby income be used to contribute to a ROTH?

I have a quick tax question that I have been unable to answer via the IRS website.

If ones only ?earned? income is from a hobby can that $ be contributed to a ROTH?

I understand that one can only contribute ?earned? income towards a ROTH but I cannot determine if hobby income is indeed considered ?earned? income.

The money is a 1099-MISC and from one person representing 3 separate days of activity over the year. Primary income otherwise is retirement distribution.

I've searched for weeks but cannot find a definitive answer. Any insight would be greatly appreciated. Thanks.



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