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I contribute to my grandson's Roth IRA. Should he report this as income and as an IRA Contribution? If so, how should he report it as income? Gift?
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I contribute to my grandson's Roth IRA. Should he report this as income and as an IRA Contribution? If so, how should he report it as income? Gift?
The gift is not taxable to him and if under $14,000 it is not taxed to you.
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I contribute to my grandson's Roth IRA. Should he report this as income and as an IRA Contribution? If so, how should he report it as income? Gift?
The gift is not taxable to him and if under $14,000 it is not taxed to you.
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