ROTH FOR KIDS
Is it permissible to establish a Roth for a child under 18?
Would this be a custodial held Roth account?
If allowable, is the family income a limiting factor like it is for the spouses to have Roth’s or are the children under their own income limits?
Does a “reasonable” test allow us to prove that the child earned income via chores (vs a W2 or 1099)?
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Submitted by [email protected] on Tue, 2008-08-19 18:11