"The OBBBA requires custodians to maintain a clear separation between the investment in the contract (basis) and taxable amounts for a Trump account.... Custodians that do not offer 529s or ESAs need to decide whether to invest in building tracking systems or to opt out of offering Trump accounts.... The IRS can ease the transition to these by permitting trustee-to-trustee transfers to traditional IRAs at age 18, ensuring accurate basis reporting and preventing tax errors."  MORE >>