Trump Account — rollovergated
I.R.C. § 530A(e); Notice 2025-68 Q&A A-4, A-5. Must be funded first by a qualified rollover contribution of the entire balance.
| Slug | trump-account-rollover |
|---|---|
| Nature | CustodialHolding — Beneficial owner holds title; the institution holds possession. Off balance sheet. |
| Contributions | Mixed |
| Earnings | TaxDeferred |
| Contribution year | CalendarYearOnly |
| Status | gated |
| Legacy code | TAR — ISCP import and statement templates only. Not identity, and not accepted by the API. |
Create Account parameters
| Name | Type | Description | |
|---|---|---|---|
| ProviderReferenceId | string | optional | Your internal reference. Used as the idempotency key. |
| ClientId | Guid | required | The A8 Core™ Client ID that owns the account. |
| AccountTypeCode | string | required | Must be trump-account-rollover. |
| InstitutionId | Guid | required | The institution holding the assets. It must hold every authority this type requires. |
| BeneficiaryDateOfBirth | date | required | Derives the end of the growth period: before Jan 1 of the year the beneficiary attains 18. |
| ResponsibleIndividualId | Guid | required | The individual who made the Form 4547 election. |
| InvestmentId | long | optional | Links the account to a sponsor investment. |
Example
"ProviderReferenceId": "acct-10293", "ClientId": "8fa2c1e4-5b6d-4f3a-9c2e-7d1a2b3c4d5e", "AccountTypeCode": "trump-account-rollover", "InstitutionId": "b4c1e770-9d33-4a02-91ef-2c6a8b5d0f14", "BeneficiaryDateOfBirth": "2025-03-14", "ResponsibleIndividualId": "c1d8f302-6b47-4e59-8a20-4d9f1b6e7c33"
"RequestId": 1736472901835, "Status": 1, "AccountId": "3c7b1f90-2a44-4e21-8d6c-9b0e5a1f7c22"
Errors
| ErrorCode | Meaning | |
|---|---|---|
| InstitutionNotAuthorizedForAccountType | The institution does not hold every authority this type requires. | |
| ClientNotFound | No client matches the supplied ClientId. | |
| FirstContributionMustBeQualifiedRollover | A rollover Trump account must be funded first by a qualified rollover contribution of the entire balance. | |
| BeneficiaryAlreadyHasFundedTrumpAccount | There can be only one funded Trump account for an individual at any time. | |
| IneligibleInvestment | Cash and money market funds are not eligible investments during the growth period. | |
Eligible assets
The row below is the account-type dimension only. What this account may actually hold is the intersection of the account-type rule, the asset-class rule, any instrument predicates, and the institution’s authority asset scope.
| Account family | Stocks & ETFs | Mutual funds | Bonds & fixed income | Cash & money market | Real estate | Private equity & venture | Private credit & notes | Precious metals | Digital assets | Stablecoins |
|---|---|---|---|---|---|---|---|---|---|---|
| Trump account — growth period | Conditional | Conditional | Not permitted | Not permitted | Not permitted | Not permitted | Not permitted | Not permitted | Not permitted | Not permitted |
Eligible investments only, § 530A(b)(3). Cash and money market funds are NOT eligible investments (Notice 2025-68 Q&A D-8). See the instrument predicates.
Instrument predicates
Class-level eligibility can say conditional. It cannot say what the condition is. These are attribute predicates on the instrument, stored in InstrumentEligibilityPredicate and evaluated continuously, not only at purchase.
| Predicate | Requirement | Source |
|---|---|---|
| InstrumentType | in MutualFund,ETF | I.R.C. § 530A(b)(3)(A) |
| RegisteredUnder1940Act | = true | Notice 2025-68 Q&A D-1 |
| IsDomesticCorporation | = true | Notice 2025-68 Q&A D-1 |
| TracksQualifiedIndex | = true | I.R.C. § 530A(b)(3)(A)(i); Q&A D-2 |
| IndexIsSectorSpecific | = false | I.R.C. § 530A(b)(3)(B); ESG indexes are sector-specific per Q&A D-6 |
| IndexUsCompanyWeightPct | >= 90 | Notice 2025-68 Q&A D-5 safe harbor |
| IndexHasRegulatedFuturesContracts | = true | I.R.C. § 530A(b)(3)(B); § 1256(g)(1), (g)(7) |
| UsesLeverage | = false | I.R.C. § 530A(b)(3)(A)(ii); Q&A D-3 |
| AnnualFeesAndExpensesBps | < 10 | I.R.C. § 530A(b)(3)(A)(iii). Strictly less than 0.1% of net assets; Q&A D-4 |
Contributions
Contribution source drives two things: whether the amount counts toward the annual limit, and whether it creates basis. A free-text reason cannot express that.
| Source | Counts to cap | Creates basis | Legal basis |
|---|---|---|---|
| PilotProgramContribution | No | No | I.R.C. § 6434. $1,000, once, born 2025-2028. |
| QualifiedGeneralContribution | No | No | I.R.C. § 530A(f). Funded by a State, the U.S., D.C., a tribal government, or a § 501(c)(3). |
| QualifiedRolloverContribution | No | Carries over | I.R.C. § 530A(e). Entire balance; carries over basis; must be the FIRST contribution. |
| Section128EmployerContribution | Yes | No | I.R.C. § 128. $2,500 per employee per year, not per dependent. |
| OtherContribution | Yes | Yes | I.R.C. § 530A(c)(2)(A). Creates basis. No compensation required. |
Rules that govern this type
- Not subject to Treasury’s trustee selection. This is the type a A8 Core™ institution competes for.
- Establishable only during the growth period, and only after the initial account exists.
- Must be funded first by a qualified rollover contribution of the entire balance. Consequently there can be only one funded Trump account for an individual at any time.
Tax reporting
The federal and state forms and obligations this account type carries, from the coverage registry — stated as designed.
- 5498
- 1099-R
- 945
- 1042-S / 1042
- 990-T (+ 990-W estimates)
- W-9 / W-8BEN / W-8BEN-E
- TIN Matching
- Corrections (1099/5498 series)
- 8809
- State information returns
- State withholding returns
- State unclaimed property
- (IRS guidance pending — OBBBA 2025 Trump Accounts; forms to be confirmed)
Every form is produced from ledger facts, filed through its transport (IRIS, MeF, EFAST2, EFTPS, IDES, CF/SF, state portals) and delivered with evidence. See tax forms by account type and tax data & reporting.