Apr 4

Question by roth: When calculating income for Roth IRA eligibility, do capital gains count toward the total?
I know about the 99k-114k phaseout for single filers in 2007. So for example, if you made 90k in salary and had 25k in capital gains would you be able to contribute to a Roth IRA?

Best answer:

Answer by Spock (rhp)
capital gains do count

see IRS Pub 590 for the details of how to modify AGI for this calculation

http://www.irs.gov/publications/p590/ch02.html#d0e9254

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