@blindbrookabso wrote:
Yes it filled out the 8615. I used an estimated amount since my parents return wasn't done until later. I don't think it's worth spending the money to download the software and i see online there's a cancel amendment option, can't i just do the what if online and if there's no difference in tax owed just cancel it?
Yes, if your parents income is different than what you entered on form 8615, you should recalculate your own taxes. It might be your parents filed late and you didn't know their income, or it might be they filed an amended return.
Most of the experts here don't use the online program, we prefer the download and they are slightly different. If the online program has a "cancel amendment" function (which would be a fairly recent addition) then yes, you can start to prepare an amended return, change the income figures, and if it does not change your tax, you can cancel the amended return and not file it.
However, before starting to amend, I would take the extra precaution of downloading a copy of your unmodified tax data file, and print or download the PDF of your unmodified tax return, in case the amendment cancelation doesn't work the way it's supposed to.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-o...
