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Dear Tax Guy: ‘I’ve accumulated a lot of junk.' I plan to make $6,000 selling stuff on eBay. Can I put it into an IRA instead of paying income tax?

Por: MarketWatch Politics December 02, 2022

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Is it possible to use the income figure on the 1099, say $6,000, and contribute this amount to an IRA rather than claim the small profit and pay taxes? Of course, I’d be coming up with the $6,000 to deposit in the IRA and getting the tax deferral. Determined to declutterDear Determined, All you want to do is clean out your house and make a tax-efficient move with your cash. All I want to do is give you a clean answer. But I can’t. Your... + full article



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