A Trump account is treated like an individual retirement account
What the document says“a Trump account shall be treated for purposes of this title in the same manner as an individual retirement account under section 408(a).”
The section adds a new part IX and section 530A to subchapter F of chapter 1 of the Internal Revenue Code of 1986. Except as the section or the Secretary's rules provide, a Trump account is treated for tax purposes the same way as an individual retirement account under section 408(a).
What the document actually says“a Trump account shall be treated for purposes of this title in the same manner as an individual retirement account under section 408(a).”
A Trump account is treated like a retirement account. That holds for tax purposes across the whole tax code.
The rest of this part sets out where it differs. Those differences are many. The tax code itself is not indexed here.
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