dependent Roth IRA Contribution and stock transaction

[arnolddr]

Tax Payer contributed Roth IRA for her 19.20 years old dependents under taxpayers custudy.

Dependents' Roth transaction affect tax issues and it it reportable?

[TaxGuyBill]

Did the dependents have enough "earned income" to allow the IRA contributions?

Are the dependents required to file a tax return?

[arnolddr]

Dependents have no income

[sjrcpa · Accepted solution]

Then no ROTH, or regular, IRA contributions can be made for them.

So now there are excess IRA contributions which must be withdrawn, plus the earnings.