My kid earned 5,500 in 2021 and filed her own tax return. In her returns she marked "can be claimed as dependent by someone else" so I claimed her as a dependent. Now, I would like my kid to open a Roth IRA which I believe she can contribute max of 5,500 (based on her total earned income for 2021).
This seems pretty straight, or am i missing something?
thank you
