<prompt> Human: They are a grad student with no income. I recall reading somewhere that you are not allowed to contribute more than you earn in salary. Where do gifts fit in to the equation? Can they open a Roth IRA with gift-money? Do they need to report this to the government? Since they have no income, they dont file taxes so would they need to file taxes in order to report this gift? Any consequence for not reporting it?Thank you.Assistant: Contributions for a Roth IRA must be earned income. Gifts dont count.Human: So it wont work. How about if I gift them money for a traditional IRA?  <response>: Still doesnt work. 