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Reply to "Funding Roth IRA for minor children"
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[quote=Anonymous][quote=Anonymous]If my kid has earned income on W-2 but also makes cash mowing lawns, but still makes under the filing threshold, should we file a return for him if we want to contribute the full amount? W-2 plus cash from mowing lawns?[/quote] No you do not have to file just for the Roth IRA. You can still contribute whatever he earned. Just keep some records on the lawn mowing. Addresses and dates and payment amount.[/quote]
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