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Official form guide
Form 4547: Trump Account Election(s)
IRS Form 4547 is used to elect the creation of an initial Trump account for an eligible child and to request a $1,000 Treasury pilot contribution. The parent or guardian who makes the election files the form, which may be submitted at any time.
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IRS Form 4547 - Trump Account Election(s)
IRS Form 4547 is used to elect the creation of an initial Trump account for an eligible child and to request a $1,000 Treasury pilot contribution. The parent or guardian who makes the election files the form, which may be submitted at any time.
Risk Radar
Scan points- 1Submitting Form 4547 without a signature makes it invalid.
- 2Failing to sign and date Form 4547, which makes the election invalid.
- 3Attaching Form 4547 to Form 1040‑X or amending a Form 1040, which is prohibited.
- 4Mailing the paper form to the wrong address instead of the IRS.gov/PaperReturns site.
- 5Not checking the authorization box in line 6 for a child, preventing account creation.
Plain English
Form 4547 lets a parent or guardian set up a new Trump account for a child who qualifies. It also lets them ask for a $1,000 pilot contribution from the Treasury. The form gathers the adult’s and child’s details and requires a signature. It can be filed electronically with your tax return or mailed.
Submission Date
- Filing date: 2026-01-08 13:10:42
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when you elect to open an initial Trump account for an eligible child or request the $1,000 pilot program contribution for that child.
- Do not use it when amending a previously filed tax return or attaching it to Form 1040‑X, Form 1040, Form 1040‑SR, or Form 1040‑NR.
- Check Form 2848 instead when a representative signs the election on your behalf.
Form selector
Use this form or another form?
Need a power of attorney for a representative to sign the election
Authorizes the representative to sign Form 4547
✓ Confirm the POA specifically mentions Form 4547
Amending a tax return and wanting to include the election
Form 4547 cannot be attached to an amended return
✓ Verify you are filing a new election, not an amendment
Filing electronically with your current‑year tax return
Provides the fastest, safest way to make the election
✓ Ensure the tax return is e‑filed for the same year
Deadline or filing window
Not stated in the official source.
Checklist
What you need before filling it out
Parent/Guardian name, SSN, address
Social Security number and current address documentation · Form 4547 Part I fields
Pilot program contribution checkbox (Part III, line 7)
Eligibility confirmation for $1,000 contribution · Form 4547 Part III
Handwritten signature block
Handwritten signature of the authorized individual · Form 4547 signature area
Power of attorney attachment (if signed by a representative)
Completed Form 2848 authorizing Form 4547 · Separate POA form
Paper filing mailing address
Correct IRS PaperReturns address for the filing year · IRS website or instructions page
Before you submit
- 1Verify the child is eligible for a Trump account
- 2Confirm the child’s Social Security number is entered correctly
- 3Check that Part III line 7 is marked if requesting the $1,000 pilot contribution
- 4Ensure a handwritten signature is present on the paper form (or follow electronic signing steps)
- 5Attach Form 2848 if a representative signed the election
- 6Use the correct IRS PaperReturns mailing address for paper filings
- 7Confirm the form revision date reads December 2025
- 8If filing electronically, attach Form 4547 to the current‑year e‑filed tax return
- 9Do not attach Form 4547 to Form 1040‑X or amend Form 1040, 1040‑SR, or 1040‑NR
- 10Keep a copy of the completed Form 4547 for your records
How to file this form
- 1Gather proof of child eligibility and the child’s Social Security number
- 2Complete Part I with parent/guardian information and fill Parts II and IV for each eligible child
- 3Mark Part III line 7 if requesting the $1,000 pilot program contribution
- 4Sign the form by hand (or apply the electronic signature method required by your software)
- 5If filing electronically, attach Form 4547 to your current‑year e‑filed tax return; if filing on paper, mail it to the IRS PaperReturns address
- 6Retain a copy of the filed Form 4547 for your records
Known limitations
- 1The election applies only to a child who is eligible for a Trump account. (Instructions p.1)
- 2Form 4547 cannot be attached to Form 1040‑X (amended return). (Instructions p.3)
- 3Form 4547 cannot be attached to Form 1040, Form 1040‑SR, or Form 1040‑NR. (Instructions p.3)
- 4The form authorizes only the initial account creation and the $1,000 pilot program contribution; other contribution types require separate filings. (Instructions p.1)
- 5Only an authorized individual (parent, guardian, or other authorized person) may make the election. (Instructions p.1)
Field map
Compact field-by-field guide
General Info
2 items
Full legal name and taxpayer identification number (SSN or EIN).
Current mailing address.
Details
2 items
Complete all applicable sections of this form according to the official IRS instructions.
Enter the relevant dollar amount if this form involves tax calculation.
Certification
1 items
Read and acknowledge any certifications required by this form.
Signatures
1 items
Sign and date. Unsigned forms cannot be processed.
Almost done reviewing the fields?
Fillable formOpen in Editor->Form 4547 is the December 2025 edition (Rev. December 2025, Created 12/30/25). The instructions direct filers to IRS.gov/Form4547 for the latest information.
What changed or needs a fresh check
- Edition date — confirm the revision reads December 2025
- Fee — Not stated in the official source
- Mailing address — confirm you use the address at IRS.gov/ PaperReturns for the tax year
- Signature — confirm a handwritten signature for paper filing
- Electronic signature — follow the signing instructions provided by your tax software or practitioner
Quick Facts
Downloads
After you file
- 1Retain all books or records related to Form 4547 for as long as their contents are relevant. (Instructions p.4)
- 2Keep a copy of the filed Form 4547 for your records.
- 3If filing on paper, retain proof of mailing to the IRS address listed on IRS.gov/PaperReturns. — Not stated in the official source — verify on the agency site
- 4When filed electronically, the election is processed together with the current‑year e‑filed tax return. (Instructions p.3)
- 5If an error is discovered, file a corrected Form 4547 following the same filing instructions. — Not stated in the official source — verify on the agency site
Sources
- SRCInstructions p.1 — purpose: election to establish an initial Trump account and request a $1,000 pilot contribution.
- SRCInstructions p.1 — filing can be at any time, including with the income tax return.
- SRCInstructions p.3 — do not attach Form 4547 to Form 1040‑X, Form 1040, Form 1040‑SR, or Form 1040‑NR.
- SRCInstructions p.3 — electronic filing with current‑year e‑filed tax return is the fastest method.
- SRCInstructions p.3 — paper filing address is at IRS.gov/PaperReturns for the tax year.
- SRCInstructions p.2 — pilot program contributions, qualified general contributions, and qualified rollover contributions are not subject to an annual contribution limit.
- SRCInstructions p.4 — retain books or records related to the form as long as their contents are relevant.
- SRCInstructions p.1 — growth period ends Dec 31 of the year before the child turns 18.
- SRCInstructions p.1 — trustee must be a bank or an IRS‑approved nonbank trustee.
- SRCNot stated in the official source — verify on the agency site
Common confusion points
Can I attach Form 4547 to my amended return?
The instructions say do not attach to Form 1040‑X.
→ Confirm you are filing a separate Form 4547, not attached to Form 1040‑X.
Do I need to include Form 4547 with my original Form 1040 filing?
Form can be filed at any time, including with the current‑year e‑filed return.
→ Check that you filed Form 4547 together with the e‑filed return or separately as instructed.
Is there an annual contribution limit for the pilot program?
Pilot program contributions are not subject to an annual contribution limit.
→ Verify the contribution is labeled as pilot program or qualified rollover.
What if my child turns 18 during the growth period?
Growth period ends Dec 31 of the year before the child turns 18.
→ Confirm the last growth‑period date is Dec 31 of the year before the child’s 18th birthday.
Who can act as the trustee for the Trump account?
Trustee must be a bank or an IRS‑approved nonbank trustee.
→ Ensure the trustee meets the bank or approved nonbank criteria.
Do I need to report a name change on Form 4547?
If you changed your name, you must report the change to the SSA before filing.
→ Confirm your name on Form 4547 matches your Social Security card.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Form 1040‑X – do not attach Form 4547 to an amended return.
Questions about IRS Form 4547
What is IRS Form 4547 used for?
Form 4547 lets a parent or guardian set up a new Trump account for a child who qualifies. It also lets them ask for a $1,000 pilot contribution from the Treasury. The form gathers the adult’s and child’s details and requires a signature. It can be filed electronically with your tax return or mailed.
Who must file IRS Form 4547?
A parent, guardian, or other authorized individual who is making the election files IRS Form 4547.
What information does IRS Form 4547 require?
Part I records the authorized individual’s name and address; Part II provides the child’s name, SSN, relationship and address; Part III lets the filer check a box to elect the $1,000 pilot contribution; Part IV contains the consent to disclose information and the required signature.
When is IRS Form 4547 due?
Form 4547 can be filed at any time, including at the same time as the income tax return is filed.
Where do I file IRS Form 4547?
File electronically by attaching Form 4547 to your current‑year e‑filed tax return, or mail a paper copy to the address listed at IRS.gov/PaperReturns for the tax year of the election.
How do I complete IRS Form 4547?
Complete Part I with the parent or guardian’s name and address, then fill Part II with each child’s information and check the authorization box in line 6. If requesting the pilot contribution, check the box on line 7 in Part III. Review Part IV, sign and date the form, and submit it electronically with your tax return or mail it to the IRS PaperReturns address.
What happens if IRS Form 4547 is filed incorrectly?
If the form is not signed as required, IRS Form 4547 is not considered valid.
Can I attach Form 4547 to my amended return?
The instructions say do not attach to Form 1040‑X. Confirm you are filing a separate Form 4547, not attached to Form 1040‑X.
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