Can you put money that you receive as a gift into a Roth IRA? Are there any taxes that would have to be paid?

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Can you put money that you receive as a gift into a Roth IRA? Are there any taxes that would have to be paid?

No you cannot use gift money for an IRA contribution.

Only taxable compensation can be used to contribute to an IRA.

See this IRS website for IRA contributions - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

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