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New Member
posted Apr 10, 2025 11:33:45 AM

If I file form 8615 and my parent does not claim me as a dependent, will my parent's taxes be impacted?

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1 Replies
Expert Alumni
Apr 10, 2025 4:04:08 PM

No, the purpose of that form is to allow for a portion of your unearned income to be taxed at your parents tax rate, if higher than yours. As such, it will not affect their tax.