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Martha and Rob, a married couple, under 50 years of age, have adjusted gross income on their 2019 joint income tax return of $45,000, before considering any IRA deduction. Martha and Rob have no earned income. What is the amount of Martha's maximum deductible IRA contribution?

Respuesta :

jepessoa

Answer:

$0

Explanation:

IRA contribution can only be deducted from earned income. Earn income is the income you earn by working, either as self employed or working for an employer.

Unearned income includes capital gains, annuity payments, dividends, earned interests, passive income from rental activities, lottery prizes, etc.