A parent cannot fund a child's IRA. IRA contributions can only come from the taxable earned income of the child.
Such as baby sitting income, lawn cutting for neighbors, a part time job, etc.
(Taxable compensation is generally wages that you worked for - W-2 or net self-employed income minus the deductible part of the SE tax, but can include commissions, certain alimony and separate maintenance, and nontaxable combat pay ).
See IRS Pub 590A "What is compensation" for details:
https://www.irs.gov/publications/p590a#en_US_2020_publink1000230355
IRA contributions are NOT charity.
Roth contributions do not need to be reported on a tax return.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
