Who is authorized to open a Trump Investment Account for a child?
This depends on if you're simply opening up a Trump Investment Account or if you're opening an account and electing to receive the $1,000 pilot program contribution.
Opening an account with no $1,000 pilot program contribution:
Authorized individuals who can open an account include a legal guardian, parent, adult sibling, or grandparent of the child, in that order of priority. If more than one person is an authorized individual for the same child, and no prior Trump account has been made for the child, then any of these individuals can open the account.
Opening an account and electing the $1,000 pilot program contribution:
If you wish to open an account and elect the $1,000 pilot program contribution, you qualify if you anticipate the child will count as your qualify child for the tax year you're making the election. So if you believe the child will be your qualifying child this year, then you're authorized to do this. If you're not sure if your child will count as a qualifying child this year, or if you determine later that they didn't qualify as your qualifying child for this year, the account and pilot program contribution will still be effective as long as you satisfy all the other requirements.
Opening an account with no $1,000 pilot program contribution:
Authorized individuals who can open an account include a legal guardian, parent, adult sibling, or grandparent of the child, in that order of priority. If more than one person is an authorized individual for the same child, and no prior Trump account has been made for the child, then any of these individuals can open the account.
Opening an account and electing the $1,000 pilot program contribution:
If you wish to open an account and elect the $1,000 pilot program contribution, you qualify if you anticipate the child will count as your qualify child for the tax year you're making the election. So if you believe the child will be your qualifying child this year, then you're authorized to do this. If you're not sure if your child will count as a qualifying child this year, or if you determine later that they didn't qualify as your qualifying child for this year, the account and pilot program contribution will still be effective as long as you satisfy all the other requirements.
