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.
However, as with the traditional. deductible IRA, there are income limitations for contributions to a Roth IRA. Unlike a deductible IRA, there is no tax deduction allowed for contributions. to a Roth IRA. Instead, income accumulates tax-free in the account, and. qualified distributions are not taxed. For non-qualified distributions, the. earnings are taxed and may be subject to an additional early withdrawal. penalty.