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I took the plunge and opened a custodial Roth IRA at Schwab for my 14 year old this week. My daughter actually does have earned income (baby sitting, tutoring and cleaning house)though it's not well documented. My accountant feels there will be no IRS problem with this situation. Have any Fools out there actually opened IRA's for their kids and did you have any unexpected problems, IRS or otherwise? Any response would be greatly appreciated.

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