My kid earned 5000 in 2021. I would like to contribute that entire amount into a Roth IRA for 2021, which I believe I have until 18th April to complete. She filed her returns, but i claim her as my dependent. My questions,
1) Since my kid has already filed tax returns, will she have to ammend her returns if she makes Roth IRA contribution now?
2) Would it be wise to transfer this amount from her Roth IRA account to over her Traditional IRA account right after? (Roth Conversion).
