Wanted to make sure I have a correct understanding of the ROTH IRA income limits. Selling a primary residence (one that would qualify for capital gains tax exemption) and profiting off of said sale… those profits do not impact an ability to make direct contributions to a ROTH IRA (assuming income is well below the ROTH limits) correct? Thanks in advance for any insight or any “gotchas” I may have not thought of!
Posted by ValpoPilot