I'm a current college student (debt is not an issue) and I made about 4000 from an internship and 3000 from trading in the stock market (I did not hold the stocks for >1 year so it'll be taxed as regular income). I want to put my savings into a roth ira so it can grow tax free, but I understand that you can only put in as much as you make in a year up to 5500. So I'm just wondering what I'm allowed to put in to the Roth for this year. Am I allowed to go up to 5500 (using the stock gains) or am I capped at 4000? If it's at all relevant I'm still claimed as a dependent on my parents' taxes.
Submitted December 16, 2017 at 05:02AM by PM_me_cool_ebooks http://ift.tt/2j9CYa7
