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Get your taxes done using TurboTax
So I'm being asked to enter my parent's SSN on a Form 8615. Looking at the above answer, it seems to be because of this "If a child's interest, dividends, and other unearned income total more than $2,100, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. If the parent doesn't or can't choose to include the child's income on the parent's return, use Form 8615 to figure the child's tax."? The unearned income I had that was more than $2,100 was from the taxable(room/board) part of scholarship/grants.
Above it also says "Form 8615 must be filed for a child if all of the following statements are true". I have to questions in regards to this. For number 2, it says "The child is required to file a return for 2016." This is probably 2020 since that is the year we are currently filing for. However, I am not sure if I am "required" to file a return. My income was about $4,240 which includes the taxable scholarship/grants. Do I have to include the nontaxable grants that was used to pay for my tuition as part of my income? Right now that amount doesn't include it. For number 3 part c: "and didn't have earned income that was more than half of the child's support" If I consider tuition to not be an expense I made since my grants covered it and my bank account was not charged for it and also did not include that said grant as part of my income then I would have earned income that was more than half of my support (would have supported myself). Is that a way I could look at it or not?
For reference, my parent cannot claim me as a dependent since I only received $1,500 cash from them. Speaking of which, do I need to report that as my income as well? I know it won't be taxed since it is not $15,000 or greater but do I still need to include that as my income? I don't think it would change anything above.