How to Fill Out and File Form 4547: Trump Account Election

To fill out Form 4547, Trump Account Election(s), you complete four short parts on a single page: your identifying information, the child’s information, the pilot program contribution election, and a consent to disclose. You sign under penalty of perjury and submit the form either with your federal income tax return or electronically through your IRS individual online account. There is no filing fee. Learning how to fill out Form 4547 correctly matters because a mismatched name, a duplicate election, or a missed checkbox can keep the IRS from opening the account or releasing the $1,000 Treasury contribution.¹

Before You Start

Confirm three things before you put anything on the form.

First, that you are an authorized individual for this child. If you are only opening the account, the IRS recognizes the child’s legal guardian, parent, adult sibling, or grandparent, in that order of priority. Any qualifying person may file as long as no one else already has. If you also want to claim the $1,000 pilot contribution, the rule tightens: you must be someone who anticipates the child will be your qualifying child for the tax year of the election. If you’re filing with your 2025 return, you do not need to have actually claimed the child as a dependent on that return.¹

Second, that the child is eligible. The child must not have turned 18 before the end of the calendar year of the election (for an election in 2026, born after December 31, 2008), must have a valid Social Security number issued before you file, and must not already have a Trump account election on file.¹

Third, that you have the paperwork on hand. Pull the child’s Social Security card and your own SSN or ITIN. Verify the name on the card matches what you plan to enter. A mismatched name or number can prevent the IRS from processing the election.¹

Only one Trump account election can be filed per child. Before you spend time on the form, check with other family members. If a grandparent already filed for your daughter, your election will not go through.

Part I — Your Information

Enter your full legal name, mailing address, and Social Security number. If you changed your name due to marriage or divorce, report the change to the Social Security Administration before filing so the names match. If you are a nonresident or resident alien without an SSN, enter your IRS Individual Taxpayer Identification Number instead.¹

For a foreign address, enter the city on its own line, then complete the country, postal code, and province fields separately. Do not abbreviate the country name.¹

Part II — Child’s Information

Enter the child’s name exactly as it appears on the Social Security card, the child’s SSN, and the child’s relationship to you: son, daughter, grandchild, ward, brother, sister, or similar. If the child lives at the address you entered in Part I, check the box that indicates that. Otherwise, fill in the child’s separate address.¹

On Line 6, check the box confirming you are authorized to open the initial Trump account for this child. If the child already has an open Trump account and you are filing only to elect the pilot program contribution, leave Line 6 blank and complete the other fields in Part II as usual.¹

The form has space for two children. If you are opening accounts for more than two, attach additional copies of Form 4547 with the extra children’s information filled in.¹

Part III — The $1,000 Pilot Program Contribution

On Line 7, check the box next to each child for whom you are requesting the Treasury’s $1,000 pilot contribution. Check it only if the child meets every one of these conditions:¹

Born after December 31, 2024, and before January 1, 2029.
A U.S. citizen.
Has a valid Social Security number.
Anticipated to be your qualifying child for the tax year of the election.
No pilot program contribution election has already been processed for the child.

If the child does not meet all of these, leave the box unchecked. The account will still be created; the child simply will not receive the $1,000. Children born before 2025 or after 2028 cannot receive the pilot contribution at all.¹

Part IV — Consent to Disclose

By completing the form, you authorize the IRS, the Treasury Department, and their agents to create and maintain the Trump account for the child, and to disclose to any parent, guardian, or authorized individual that a Trump account has been established for that child.¹ That disclosure consent is what lets another family member later verify whether an account already exists before attempting their own election.

Sign and Date

Sign and date the form. By signing, you represent under penalties of perjury that you are authorized to open the account for the child.² If you file a paper return, the signature must be handwritten.¹

How to Submit the Form

You have three routes to the IRS:

Attach Form 4547 to your federal income tax return, paper or e-filed. The earliest available filing opportunity is your 2025 tax return.³
Submit the form electronically through your IRS Individual Account at irs.gov. This lets you file the election without waiting for tax season.⁴
Start from trumpaccounts.gov, which also directs you to file Form 4547.⁵

There is no filing fee. The IRS will reach out when it is time to activate the account after your election is processed.⁵

Filling It Out in Common Situations

Your Child Was Born Before 2025

The child can still get a Trump account but is not eligible for the $1,000 pilot contribution. Complete Parts I, II, and IV, and leave the Line 7 checkbox in Part III blank.⁶

The Account Already Exists but You Never Elected the Pilot Contribution

File Form 4547 solely to make the pilot election. Complete Part II with the child’s information, leave the Line 6 checkbox blank because the account already exists, and check the Line 7 box in Part III.¹

Another Family Member May Have Already Filed

Only one Trump account election is allowed per child, and a second submission will not go through. The consent-to-disclose provision in Part IV exists partly so authorized individuals can confirm whether an account already exists before filing. Check with the child’s other parent, grandparents, and adult siblings before you submit.¹

1
Internal Revenue Service. Instructions for Form 4547 (Rev. December 2025)
2
Internal Revenue Service. Instructions for Form 4547
3
Internal Revenue Service. 4 Million Children Have Been Signed Up for Trump Accounts With 1 Million Claiming the $1,000 Pilot Program Contribution
4
Internal Revenue Service. Taxpayers Can Now View and Submit Trump Account Elections in Their IRS Individual Account
5
Trump Accounts. Trump Accounts – Jumpstarting the American Dream
6
Internal Revenue Service. Trump Accounts