Let's assume the following scenario:
- Someone is single
- Earns a $100k yearly salary from their employer.
- Collects $35k a year in rental income
Will this scenario qualify someone for the phase out range of $131k yearly income? Will they still be able to contribute $5,500 to their Roth IRA? A lot of the resources I've read talk about how making a certain amount determines how much you can contribute. But I can't find much info about what type of income is counted toward the income limit.