so you do not file a fraudulent return, you should claim your children on your return especially if you have not yet filed. and tell your parents they need to amend their tax return. if they do so before 5/17/2021 there will be no penalties or interest. if both you and your parents have filed you both have until 5/17/2021 to amend without penalties.. prior years are a different matter there may be penalties and interest but the taxpayer who underreported their tax liability may escape fraud penalties. if the IRS catches this, you will find the cost of legal representation can be extremely expensive.
