Hypothetically: I have no employment income in 2018. I do, however, transfer $5500 from my IRA to my Roth, which gets taxed as employment income.
Can I then consider that employment income, and contribute another $5500 to my IRA or Roth in 2018?
And if I can, and spouse (who also has no employment income) & I transfer $11,000 from IRAs to Roths, can we each contribute $5500 to an IRA or Roth in 2018?
Trying to wrap my head around how or whether I can keep contributing to my Roth or IRA after I'm no longer earning money from a job, given that money pulled from a traditional IRA is considered employment income for tax purposes.
Thanks.