TT FreeFile provided 8615 form. So as I try to fill it, I am given the option which says " Would you like to calculate your tax based on pre-TCJA rules?" On choosing that, I am asked for information about my parents and their tax return information.
1) Is it favorable to choose yes or no on this?
2) My mom hasn't yet finished filing her tax return (married filing separately). So should I wait until she finishes filing and fill that info in? I though kiddie tax wasn't based on parent's income, etc. since 2018, so does it actually depend on their tax bracket now?
Thanks a lot again, for educating me, as I am doing this for the first time.
