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.
There are no forms to report a Roth contribution. Roth IRA contribution is funded from your after tax money. Roth IRA differs from traditional IRAs in that contributions are not deductible (means contribution is taxable, so it's included in your regular taxable income).You don't need 1099R, so skip that form.oth IRA contribution is funded from your after tax money. Roth IRA differs from traditional IRAs in that contributions are not deductible (means contribution is taxable, so it's included in your regular taxable income). You don't need 1099R, so skip that form.