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jonstl08

(445 posts)

42. Tax question

Tue Jun 10, 2025, 09:38 AM

Tuesday

Is it going to be in the child's name/SSN? If in parents since it is tax deferred if they take the money out in addition to taxes on it will they also be subject to the 10% early withdrawal penalty also.

If in child's SSN will they also be subject to the kiddie tax if they withdraw it.

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