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Get your taxes done using TurboTax
I think the IRS would view this as a sham. after all your son isn't paying you for the value of the food and shelter you are providing him. if the IRS were to view this as a sham, there would be penalties for excess contributions to the Roth. you too could face penalties for preparing a frivolous return.
‎August 23, 2021
12:22 PM