Form 4547 is the Internal Revenue Service (IRS) form for electing to open an initial Trump account for an eligible child and, when the child qualifies, for electing the Pilot Program Contribution. A parent, legal guardian or other authorized individual completes it, and that person becomes the responsible party for the account. On this page you can fill out Form 4547 online on FillingPDF and download or print the completed PDF. The IRS publishes the form and its instructions at www.irs.gov/Form4547, and the election itself is made through the IRS channels described below.
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What is 4547?
Form 4547, Trump Account Election(s), is the IRS form used to elect to establish an initial Trump account for the exclusive benefit of an eligible child and, if the child qualifies, to elect the Pilot Program Contribution from the U.S. Treasury to that account.
According to the IRS instructions, a Trump account is a type of traditional individual retirement account (IRA). The child listed in Part II owns the account and is its account beneficiary. During the growth period, which starts when the account is established and ends on December 31 of the year before the child turns 18, special rules apply: investments are limited to eligible investments, no section 219 deduction is allowed for contributions, and distributions are generally restricted. After the growth period, most of the rules for traditional IRAs generally apply.
The person whose information appears in Part I is the responsible party for the account while the child is a minor. Every Trump account must have a trustee, which must be a bank or another person the IRS approves as a nonbank trustee. After the election, the Treasury Department or its agent sends information to activate the account, starting in May 2026, and the account is opened after an authentication process.
The form has four parts: Part I (authorized individual), Part II (child's information), Part III (Pilot Program Contribution Election) and Part IV (Consent to Disclose Information). The form is OMB No. 1545-2336.
Who needs to file 4547?
An authorized individual who wants to open an initial Trump account for an eligible child completes Form 4547. If the only election is to open the account, the authorized individual is a legal guardian, parent, adult sibling or grandparent of the child, in that order of priority. If no prior election has been made for the child and more than one person qualifies, any of them can make the election. For example, if the child has no legal guardian, either parent can elect regardless of filing status.
If you also request the Pilot Program Contribution, you must be someone who anticipates that the child will be your qualifying child for the tax year of the election.
The child generally must be under age 18 at the end of the election year (for an election in 2026, born after December 31, 2008), must have a valid Social Security number issued before the election, and must not already have had a Trump account election filed on their behalf.
For the Pilot Program Contribution, the child must also be a U.S. citizen, be born after December 31, 2024 and before January 1, 2029, and not have had a prior pilot election processed. If the child is not eligible for it, do not check the box on line 7; the account election is still made on Form 4547.
A representative may sign for you only with an attached power of attorney that specifically authorizes signing Form 4547; Form 2848 can be used.
When to file 4547
Form 4547 can be filed at any time, including at the same time as your income tax return. The IRS instructions describe filing it with a current-year e-filed tax return as the fastest, safest and easiest way to make the election.
If a qualifying event happens after you have filed your return, such as the birth of a child who is eligible for a Trump account, the instructions send you to trumpaccounts.gov for how to make the election. That site also tells you whether the elections can be made online beginning in the middle of 2026.
Two dates in the instructions affect timing after the election. The Treasury Department or its agent will send activation information starting in May 2026. Contributions cannot be made to a Trump account before July 4, 2026, and no Pilot Program Contribution will be deposited earlier than that date. The Treasury makes the contribution as soon as practicable after the election, once it can confirm with the trustee that the account has been opened.
Documents you need
- Additional copies of Form 4547, only if you are electing to open Trump accounts for more than two children; attach as many as needed to cover each child.
- A power of attorney that specifically authorizes the representative to sign Form 4547 (Form 2848 can be used), only if a representative signs for you.
How to fill out 4547
Enter the authorized individual's name
In Part I, enter your first, middle and last name and your Social Security number. If you changed your name because of marriage or divorce, report it to the SSA before filing. A nonresident or resident alien not eligible for an SSN enters an IRS individual taxpayer identification number.
Enter your address and contact details
Enter your home address, apartment number, date of birth, city, state, ZIP code, phone number and email address. Use a P.O. box only if the post office does not deliver to your street address; for a foreign address, complete the foreign country, province/state/county and postal code spaces.
Enter each child's name and SSN
In Part II, use column (i) for Child 1 and column (ii) for Child 2. Complete lines 1a–1c (first, middle and last name) and line 2 (SSN), matching the child's Social Security card.
Enter date of birth and relationship
On line 3, enter each child's date of birth. On line 4, enter the child's relationship to you, such as your ward, son, daughter, brother, sister or grandchild.
Complete the child's address
On line 5, check the box if the child lives with you at the Part I address. Otherwise complete lines 5a through 5f, or lines 5g, 5h and 5i for a foreign address.
Confirm your authority on line 6
For each child, check the box on line 6 if you are authorized to open the Trump account for the child. Leave it blank if the child already has an open Trump account and you are only electing the Pilot Program Contribution.
Make the Pilot Program Contribution election
In Part III, check the box on line 7 for each child who qualifies for and should receive the Pilot Program Contribution. Leave it unchecked for a child who does not meet the requirements printed in Part III.
Review the Part IV consent
Part IV authorizes the IRS, Treasury and their agents to create and maintain the Trump account for each child listed. It also lets them disclose that the account was established to a parent, guardian or authorized individual permitted to make the election.
Add copies for more than two children
If you are electing for more than two children, complete additional copies of Form 4547 so every child appears in Part II. Part I information is repeated on each copy.
Sign and date the form
Sign and date under Sign Here. If you file on paper, you must sign by hand. Paid preparers complete the Paid Preparer Use Only section, including name, signature, date, PTIN, firm name, EIN, address and phone number.
Review, download and submit
Check names, SSNs and every checked box against your records, then download or print the completed PDF from FillingPDF and submit it through one of the channels described under How to submit.
How to submit 4547
You can make the election electronically with your tax return, or on paper by mail.
- Electronically: the IRS instructions say the fastest, safest and easiest way is to file Form 4547 with your current-year e-filed tax return. For an election after you have filed, or to find out whether you can elect online, go to trumpaccounts.gov. Signature requirements for an electronic form depend on your tax software or tax practitioner, so follow their instructions.
- By mail: if you must file on paper, mail the form to the address at IRS.gov/PaperReturns for your tax return for the year of the election. Use the address for those requesting a refund or not enclosing a check or money order. You must handwrite your signature; digital, electronic or typed-font signatures are not valid on a paper form.
Do not attach Form 4547 to Form 1040-X, and do not amend Form 1040, 1040-SR or 1040-NR to attach it. If you elect for more than two children, attach as many copies of the form as needed. FillingPDF lets you fill out and download the PDF; submission follows the channels above.
Common mistakes to avoid
- Checking the box on line 7 for a child who is not eligible for the Pilot Program Contribution; the instructions say not to check it in that case.
- Typing or digitally signing a paper Form 4547; a paper form needs a handwritten signature, and the form is not valid unless signed as the instructions require.
- Entering a name or Social Security number that does not match the Social Security card, which may prevent processing of the election.
- Skipping Part II for a child who already has an open Trump account when you only want the Pilot Program Contribution; complete all of Part II except line 6, plus Part III.
- Entering a P.O. box when the post office delivers mail to your street address, or abbreviating the country name on a foreign address.
- Putting other information on the city line of a foreign address instead of using the foreign country, province and postal code spaces.
- Attaching Form 4547 to Form 1040-X or amending Form 1040, 1040-SR or 1040-NR to include it.
- Listing more than two children on one form instead of attaching additional copies of Form 4547.
- Not reporting a name change from marriage or divorce to the Social Security Administration before filing Form 4547.
Frequently asked questions
What is Form 4547 used for?
Form 4547 is the IRS form for electing to open an initial Trump account for an eligible child. It is also the form for electing the Pilot Program Contribution to that account when the child qualifies. The child listed in Part II owns the account.
Who can complete Form 4547 for a child?
If you are only opening the account, an authorized individual is a legal guardian, parent, adult sibling or grandparent, in that order of priority. If you also elect the Pilot Program Contribution, you must anticipate that the child will be your qualifying child for the election year.
Can I fill out Form 4547 online?
You can fill out the PDF online on FillingPDF and download or print it. FillingPDF does not file it with the IRS. The election is made with an e-filed tax return, on paper by mail, or online if trumpaccounts.gov says that option is available.
Where do I mail Form 4547?
Mail a paper Form 4547 to the address at IRS.gov/PaperReturns for your tax return for the election year, using the address for those requesting a refund or not enclosing a check or money order. Sign it by hand; typed or digital signatures are not valid on paper.
Is there a deadline to file Form 4547?
The instructions set no deadline: Form 4547 can be filed at any time, including with your income tax return. Contributions to a Trump account cannot be made before July 4, 2026, and activation information is sent starting in May 2026.
Which children qualify for the Pilot Program Contribution?
The child must be anticipated to be your qualifying child, be born after December 31, 2024 and before January 1, 2029, be a U.S. citizen, have a valid SSN and have no prior pilot election processed. If the child does not qualify, leave line 7 unchecked.
Do I need Form 4547 if my child already has a Trump account?
Only to elect the Pilot Program Contribution. In that case complete all of Part II with the child's information, except line 6, plus Part III. You do not use the form to open a second initial account for the same child.
Can someone else sign Form 4547 for me?
Only a representative with an attached power of attorney that specifically authorizes signing Form 4547; you can use Form 2848. Even if a preparer completes the form, you remain responsible for its correctness.
Can I attach Form 4547 to an amended return?
No. The instructions say not to attach Form 4547 to Form 1040-X and not to amend Form 1040, 1040-SR or 1040-NR just to attach it. File it with your current-year return or separately as described in the instructions.
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