@jyeh74 wrote:
@macuser_22 @So technically does it matter whose bank account is set up to the custodial Roth IRA for electronic transfers?
I believe you said the child’s account from your other thread. I don’t think it matters. Someone else please chime in.
Electronic transfers or how the money gets into the child's IRA is irreverent. Whether you take a check to the bank, transfer the money or any other method is irreverent as long as the IRA is in an account in the child's name with you (or another adult) as custodian and the money deposited into the child IRA is money that the *child* earned from working.
**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.**
