Parent funding a Child Traditional IRA

[x2aron]

If I as a parent create and fund a Traditional IRA for my 18yr old child, who has earned income of $13,000+ on a W2, would my contribution act as a deduction for my income?

[AnnetteB6 · Accepted solution]

No, regardless of how the Traditional IRA is funded (whether by you or by the child's own income), the deduction would be reported on your child's tax return if a contribution is made.  

[fanfare]

your child will be much happier in retirement with their retirement money in a  self-directed Roth IRA  instead of a Traditional IRA that is taxed and also making their Social Security taxed.

@x2aron