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Does a 19 year old filing for himself with no children file a Form 8615 ?
Hello. If I am a 19 year old filing for myself and I have no children, do I answer the question under "Less Common Income" of "Child's Income (Under Age 24)"? If it means anything, I am a foster youth, and thus an independent ward of the county.
This question refers to the Form 8615.
On a related note, if I am a college student who has: 1. never had a job, 2. has made +$149 from dividends and interest, 3. has lost -$494 from stock sales. Should I file under my foster parents' tax form through the Form 8615? I saw that this Kiddie Tax is required if the child made over $2200 of unearned income.
Thank you
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March 14, 2021
4:57 PM