10/02 Adjustments to Income Flashcards
1
Q
Compensation for Purposes of an IRA
Includes:
A
wages, salaries, etc.
commissions
self-employment income
alimony and separate maintenance paid under the terms of a divorce decree finalized before 2019
nontaxable combat pay
2
Q
Compensation for Purposes of an IRA
Does not include:
A
earnings and profits from property
interest and dividend income
pension or annuity income
deferred compensation
income from certain partnerships
any amounts you exclude from income