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Terry
New Member
posted
‎June 4, 2019 6:54 PM
last updated ‎June 04, 2019 6:54 PM

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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Bsch4477
Level 15
Level 15
‎June 4, 2019 6:54 PM

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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Bsch4477
Level 15
Level 15
‎June 4, 2019 6:54 PM

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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