Form 4547, Trump Account Election(s), is used by a parent, guardian, or another authorized individual who wants to open a Trump Account for an eligible child. The form collects the information needed to identify the responsible adult, provide details about the child, make an election for a Pilot Program Contribution when applicable, and provide consent for the IRS, Treasury, and their authorized agents to create and maintain the account.
The form is designed for individuals who have a child eligible for a Trump Account and want to request that an account be established for that child. For each eligible child for whom an account is requested, the responsible individual must complete the required sections of the form. The form includes information about the adult making the request, the child or children included in the election, eligibility for the $1,000 Pilot Program Contribution, and authorization for information disclosure related to account creation.
Completing Form 4547 accurately is important because the information provided identifies the person responsible for the account and ensures that the correct child information is connected with the account request. Missing or incorrect information may prevent the form from being processed properly.
The form is divided into four main parts:
- Part I collects information about the parent, guardian, or other authorized individual.
- Part II collects information about the eligible child or children.
- Part III allows the individual to elect participation in the Pilot Program Contribution.
- Part IV provides consent for the creation and maintenance of the Trump Account.
How To File Form 4547
Form 4547 should be completed when an eligible child’s parent, guardian, or authorized individual wants to open a Trump Account for that child. The responsible individual should complete the applicable sections and provide accurate identifying information before submitting the form.
Before completing the form, gather the necessary information, including:
- The responsible individual’s full legal name
- Social Security number
- Home address
- Date of birth
- Phone number and email address
- The child’s identifying information
- The child’s Social Security number
- The child’s date of birth
- Relationship to the child
If more than two eligible children need to be included, additional instructions should be reviewed because the form provides space for two children only.
The person completing the form should carefully review all information before signing. The signature confirms that the individual has reviewed the form and believes the information provided is true, correct, and complete.
How To Complete Form 4547
Part I: Parent/Guardian Or Other Authorized Individual Information
Part I collects information about the adult who is requesting the Trump Account. The individual listed in this section becomes the responsible party for the account.
First Name
Enter the legal first name of the parent, guardian, or authorized individual completing the form.
Middle Name
Enter the individual’s middle name if applicable.
Last Name
Enter the individual’s legal last name.
Social Security Number
Provide the Social Security number of the parent, guardian, or authorized individual responsible for the account.
Home Address
Enter the complete residential address of the responsible individual. Include the street number and street name.
If the individual uses a P.O. box, additional instructions may apply.
Apartment Number
Enter the apartment, unit, or suite number if the home address includes one.
City, Town, Or Post Office
Enter the city, town, or post office location associated with the address.
County
Provide the county where the address is located.
State
Enter the state for the home address.
ZIP Code
Provide the ZIP code for the address.
Foreign Country Name
If the responsible individual has a foreign address, enter the name of the foreign country.
Foreign Province/State/County
For a foreign address, provide the applicable province, state, or county information.
Foreign Postal Code
Enter the postal code used for the foreign address.
Date Of Birth
Provide the birth date of the parent, guardian, or authorized individual.
Phone Number
Enter a current phone number where the responsible individual can be contacted.
Email Address
Provide an active email address for communication purposes.
Part II: Child’s Information
Part II collects information about the eligible child or children for whom the Trump Account is being requested. The form provides sections for Child 1 and Child 2. If more than two children are involved, additional instructions should be reviewed.
Child Identification Information
Child 1 And Child 2
Complete the information separately for each child included on the form.
Line 1a: First Name
Enter the child’s legal first name.
Line 1b: Middle Name
Enter the child’s middle name if applicable.
Line 1c: Last Name
Enter the child’s legal last name.
Line 2: Social Security Number
Provide the child’s valid Social Security number.
Line 3: Date Of Birth
Enter the child’s date of birth.
Line 4: Relationship
Enter the relationship between the responsible individual and the child.
This identifies the connection between the person requesting the account and the eligible child.
Child Home Address
Line 5: Home Address
Provide the child’s home address information.
If the child’s address is the same as the address listed in Part I, check the box indicating that the address is the same. Otherwise, complete the separate address fields.
Line 5a: Number And Street
Enter the child’s street address.
Line 5b: Apartment Number
Provide the apartment or unit number if applicable.
Line 5c: City, Town, Or Post Office
Enter the child’s city, town, or post office location.
Line 5d: County
Enter the county associated with the child’s address.
Line 5e: State
Provide the state where the child lives.
Line 5f: ZIP Code
Enter the ZIP code for the child’s address.
Line 5g: Foreign Country Name
If the child has a foreign address, provide the country name.
Line 5h: Foreign Province/State/County
Enter the applicable foreign province, state, or county.
Line 5i: Foreign Postal Code
Provide the postal code for the foreign address.
Line 6: Authorized Individual Checkbox
Check the box if the person completing the form is authorized to open the Trump Account for the child. Additional instructions may apply regarding authorization requirements.
Part III: Pilot Program Contribution Election
Part III allows the individual completing the form to request that an eligible child receive a $1,000 Pilot Program Contribution to their Trump Account.
A child must meet the listed requirements to qualify. The form states that the child must have been born during 2025 through 2028, must be a qualifying child of the individual opening the account, must be a U.S. citizen, and must have a valid Social Security number.
Line 7: Pilot Program Contribution Election
Check the box if the child qualifies for the Pilot Program Contribution and the responsible individual wants the child to receive the contribution.
This election must be completed separately for each eligible child listed in the form.
Part IV: Consent To Disclose Information
Part IV explains the authorization provided by completing Form 4547. By submitting the form, the individual authorizes the IRS, Treasury, and their agents to create and maintain a Trump Account for the eligible child or children listed on the form.
The consent also allows the IRS, Treasury, and their agents to disclose that a Trump Account has been established to an eligible parent, guardian, or authorized individual who is permitted to request account creation.
Signature And Preparer Information
Your Signature
The individual completing the form must sign to confirm that they reviewed the information and believe it is accurate and complete.
Date
Enter the date the form is signed.
The declaration states that the signer confirms, under penalties of perjury, that they examined the form and believe the information provided is true, correct, and complete.
Paid Preparer Use Only
This section is completed only by a paid preparer if someone other than the taxpayer prepares the form.
Preparer’s Name
Enter the printed or typed name of the preparer.
Preparer’s Signature
The preparer must sign if required.
Date
Enter the date the preparer completed the form.
Self-Employed Checkbox
Check this box if the preparer is self-employed.
Enter the preparer’s Preparer Tax Identification Number.
Firm’s Name
Provide the name of the preparer’s firm.
Firm’s EIN
Enter the firm’s Employer Identification Number.
Firm’s Address
Provide the business address of the preparer’s firm.
Phone Number
Enter the firm’s contact phone number.
Final Review Before Filing
Before submitting Form 4547, review the following checklist:
- Confirm the responsible individual’s name and Social Security number are correct.
- Verify the home address and contact information.
- Review each child’s name, Social Security number, date of birth, and relationship information.
- Confirm the child address information is complete or that the same-address checkbox is selected when applicable.
- Review authorization information before checking the authorization box.
- Confirm eligibility before selecting the Pilot Program Contribution election.
- Make sure the form is signed and dated.
- If a paid preparer completed the form, verify that preparer information is complete.
A careful review helps ensure that Form 4547 contains complete and accurate information before it is submitted for processing.