Paige B. asked

💰  Tax

I have a newborn daughter and I’d like to create and contribute to a Roth IRA for her. I understand that she has to have earned income to do so with her after-tax dollars. Am I able to employ her through a sole proprietorship I create and pay her as an employee?

October 21st, 2024

Frederick S. answered

To contribute to a Roth IRA for your newborn daughter, she must have earned income, which is income ...

October 21st, 2024

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