I have my 1099misc, int & div.
I'm using the H&R Block online thing just because its easier.
When I setup my mutual funds the agent said I could put up to $4000/yr into a Roth IRA (providing my income is that much) that would be 'sheltered' from taxation...for now.
SO, when I do all of this online & enter my Roth IRA it says:
Your Roth IRA contributions of $XXX exceed the maximum amount of $0 allowed. You'll be subject to a penalty if you don't withdraw the excess contributions plus earnings by the due date of your return.
My question is, I guess, what would qualify me for a Roth IRA?
From what I understand, I'm earning less than the 'cap' to put money in, and I'm earning(depending upon what qualifies as earning, after all of the deductions it looks like my taxable income is $1,500) just enough to put the full $4,000 in.
