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l-freytes
New Member

How do you get the new form 4547 that allows you to create an investment account for your child because the Big beautiful Bill got passed?

Can you help me find the new form 4547?
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JamesG1
Expert Alumni

How do you get the new form 4547 that allows you to create an investment account for your child because the Big beautiful Bill got passed?

You may initiate the process to open a Trump account, Form 4547:
 

  • If your tax return lists, as a dependent, the child who was born in 2025, and
  • You proceed through the FILE screens of either TurboTax Online or TurboTax Desktop.

The Trump Account program does not begin until July 2026.


Certain dependent children are also eligible for a Trump account to which you are able to contribute.

 

For more information, see this article.

 

See also this IRS website.


 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
JamesG1
Expert Alumni

How do you get the new form 4547 that allows you to create an investment account for your child because the Big beautiful Bill got passed?

You may initiate the process to open a Trump account, Form 4547:
 

  • If your tax return lists, as a dependent, the child who was born in 2025, and
  • You proceed through the FILE screens of either TurboTax Online or TurboTax Desktop.

The Trump Account program does not begin until July 2026.


Certain dependent children are also eligible for a Trump account to which you are able to contribute.

 

For more information, see this article.

 

See also this IRS website.


 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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