Re: Brand Spanking New
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I thought you couldn't put money in a regular or roth IRA unless it was earned income(like from a job)? So a SEP-IRA would probably be the best option?
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That's correct. If you have no earned income at all (or poker is the lion's share of your income), then you'll probably be declaring as a professional, and all the poker income would become self-employment income, and a SEP is a good choice.
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