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Author Topic: Rental Income as Roth IRA vehicle  (Read 3285 times)

Offline usmctpdog

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Rental Income as Roth IRA vehicle
« on: December 14, 2010, 02:49:07 pm »

  I understand that IRA's are primarily funded from earned taxed income.  I have a Roth that is funded from after tax income from prior working years.

 * It would seem logical then that  I be able to add to my Roth from my * Taxed income generated from my Rentals ?

  I looked it up and it states generally not allowed,  but that was from a simple google search.  I thought this body of knowledgeable individuals would know more specifically....

Thanks!
 

Offline justin0419

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Re: Rental Income as Roth IRA vehicle
« Reply #1 on: December 14, 2010, 03:15:57 pm »
My memory of the rules is that you have to have earned income to contribute to a Roth IRA.  Rental income is passive income and therefore would not qualify.
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Offline usmctpdog

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Re: Rental Income as Roth IRA vehicle
« Reply #2 on: December 14, 2010, 04:36:50 pm »

 *That makes sense......  Thanks

 




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