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

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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

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