Roth IRA, Traditional IRA, 401K » eligibility http://www.iraroth.net IRA Questions and Answers Tue, 17 Jan 2012 00:09:43 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Q&A: When calculating income for Roth IRA eligibility, do capital gains count toward the total? http://www.iraroth.net/2011/04/qa-when-calculating-income-for-roth-ira-eligibility-do-capital-gains-count-toward-the-total/ http://www.iraroth.net/2011/04/qa-when-calculating-income-for-roth-ira-eligibility-do-capital-gains-count-toward-the-total/#comments Mon, 04 Apr 2011 22:23:23 +0000 admin http://www.iraroth.net/2011/04/qa-when-calculating-income-for-roth-ira-eligibility-do-capital-gains-count-toward-the-total/ 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

What do you think? Answer below!

]]> http://www.iraroth.net/2011/04/qa-when-calculating-income-for-roth-ira-eligibility-do-capital-gains-count-toward-the-total/feed/ 0 When calculating income for Roth IRA eligibility, do capital gains count toward the total? http://www.iraroth.net/2010/01/when-calculating-income-for-roth-ira-eligibility-do-capital-gains-count-toward-the-total/ http://www.iraroth.net/2010/01/when-calculating-income-for-roth-ira-eligibility-do-capital-gains-count-toward-the-total/#comments Sun, 03 Jan 2010 16:31:27 +0000 admin http://www.iraroth.net/2010/01/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?

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