But they will require a 709 gift tax form per contribution!
Trump accounts are coming in 2026. They'll be a tax pain for some.
I am planning to open an account for my qualifying child. Last I looked they were not expecting these to be available until June or so. I plan to just drop the max $5k per year in lump sum. Even if I have to file once a year it’s still worth it.
Only issue I have is they can’t be a typical brokerage account. I really want my girls to get involved in typically stock ownership at young age.
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