IRS Form 4547 looks to be ready from the IRS, but I can't find it in Turbo Tax. Will Turbo Tax be providing this form for the Trump Accounts?

Forum|Forum|4 months ago
January 22, 2026
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TurboTax Online

DoninGA

Level 15

If you have a qualifying child as a dependent who was born in 2025, in the File section of the program on Step 2, you will be asked if you want to apply for a Trump Account.

ahirst1Author

Level 2

But we should be able to open a Trump account for any child 10 and under. When will form 4547 be available to add to our tax submittal in TurboTax?

DoninGA

Level 15

@ahirst1 IRS Form 4547, Trump Account(s) - https://www.irs.gov/forms-pubs/about-form-4547

IRS Form 4547, Part III, Pilot Program Contribution Election - https://www.irs.gov/pub/irs-pdf/f4547.pdf

For a child to qualify to receive the $1,000 Pilot Program Contribution to their Trump account, the child must have been born in 2025–2028, must be a qualifying child of the individual opening the Trump account, must be a U.S. citizen, and must have a valid social security number. See instructions.

IRS Form 4547 instructions, page 3 - https://www.irs.gov/pub/irs-pdf/i4547.pdf

Pilot Program Contribution Election
An authorized individual can make an election for a $1,000 pilot program contribution to be made to a Trump
account for a child, who:
• Is anticipated to be the qualifying child of the authorized individual for the year in which the election is made (see Pub. 501 for further information regarding qualifying child status);
• Is born after December 31, 2024, and before January 1,2029;
• Has not had a prior pilot program contribution election processed for them;
• Is a U.S. citizen; and • Has an SSN. See Valid social security number (SSN), earlier.

mittentreker

Level 2

I just finished filing my taxes and you will be prompted for the Trump savings account after you gone through a few of the payment steps, (VERY FRUSTRATING THAT IT TOOK SO MUCH TIME TO FIGURE THAT OUT).