DanaB27
Expert Alumni

Get your taxes done using TurboTax

It will be true if your parents standard deduction reduces their taxable income to $0. Then nobody will pay taxes on it in a legal way. Your parents might want to file a return even though they are under the filing threshold so the IRS can match the income and your expenses and see that the income was reported. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"