Contribution
I am about to open a ROTH IRA and deposit $6,000 for the year 2020... for my God daughter.
Can I claim that as a "contribution" on my 2020 taxes?
If so, how?
Does that lower my MAGI?
Do I have to itemize?
I am about to open a ROTH IRA and deposit $6,000 for the year 2020... for my God daughter.
Can I claim that as a "contribution" on my 2020 taxes?
If so, how?
Does that lower my MAGI?
Do I have to itemize?
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