No. The only way a minor child can roll the ESOP into a Roth, if they have a Roth account established. One of the requirements of owning and contributing to the Roth is that the child must have earned income. Also if the amount of the distribution is more than $2200, a return must be filed for the child.
The surviving parent may include the income on their return if the following apply.
- The child's unearned income was more than $2,200.
- The child meets one of the following age requirements:
- a. The child was under age 18 at the end of the tax year,
- b. The child was age 18 at the end of the tax year and you didn't have earned income that was more than half of the child's support, or
- c. The child was a full-time student at least age 19 and under age 24 at the end of the tax year and the child didn't have earned income that was more than half of your support.
- At least one of the child's parents was alive at the end of the tax year.
- The child is required to file a tax return for the tax year.
- The child does not file a joint return for the tax year.
Please read this IRS source for more information.
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