Hello,
I am about to submit our 17 year old child’s 1040 (for 2024) who earned $1350 in income this past year. They also have around $50 in bank interest income.
I would like to contribute to their Roth IRA with a similar amount (around $1350). Are there any additional tax forms I will need to submit besides our child’s 1040 forms? If so, which forms?
Thanks for the advice and feedback!