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Reply to "Half more - child custodial Roth IRA compliance"
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[quote=Anonymous][quote=Anonymous]Not sure what is interesting about this. Kids don’t need w-2 wages. They just need earned income. Household work is fine as long as you document each. [/quote] What’s interesting about this is that they seem to be unlocking it for families with W-2 wage earners. The long-standing (mis?)conception was that this was only available in cases where parents owned a business. The documentation and compliance cost were not worth the squeeze for W-2 families.[/quote]
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