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New Member
posted Jun 4, 2019 6:54:53 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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1 Best answer
Level 15
Jun 4, 2019 6:54:54 PM

The gift is not taxable to him and if under $14,000 it is not taxed to you.

1 Replies
Level 15
Jun 4, 2019 6:54:54 PM

The gift is not taxable to him and if under $14,000 it is not taxed to you.