For example, interest-only loans are a popular type of mortgage that are not covered by the QM rule. Many lenders will still originate these loans because there is a demand for such a product. These will probably be the most common loan type under the non-QM umbrella, with high-net-worth borrowers the likely target.
Alimony income. For purposes of making an IRA contribution, taxable alimony income counts as qualifying income. This is a special rule that permits you to build retirement savings in an IRA even if you rely on alimony income for your support. The rule applies only to taxable alimony income, though.
You canât make a regular (non-rollover) contribution to a traditional IRA or a Roth IRA unless you or your spouse have qualifying income. This page explains what types of income count as qualifying income for this purpose.Reminder: Your IRA contribution or deduction may be limited by other rules: 1  You canât contribute to a regular IRA for the year you turn 70Â½ or any subsequent year.limony income. For purposes of making an IRA contribution, taxable alimony income counts as qualifying income. This is a special rule that permits you to build retirement savings in an IRA even if you rely on alimony income for your support.