What happens if the account beneficiary dies before age 18?

The account ceases to be a Trump account as of the date of death. The fair market value (reduced by basis) becomes taxable income to the person who inherits the account.

Note: The information on the Trump Account is intended for information and educational purposes only.  Interactive Brokers will continue to update and to share additional information as details are finalized. 

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Does my child need to have earned income to contribute?
What happens if an investment becomes ineligible?
Can I contribute to both a Trump account and a regular IRA for my child?
Can the account be automatically transferred to a regular IRA at age 18?