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Custodial ROTH IRA for child
My kid is 6 years old and earned some money around then neighborhood.
1) Do chores count toward the 6k max annual? Can I include those in the ROTH IRA contribution for the kid
2) Does the funding have to come from his bank account
3) Where do I report on TT that he has a ROTH IRA contribution as he is my dependent
4) DO I need to file a tax return for the kid?
Topics:
March 14, 2021
8:38 PM