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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 Reply
ThomasM125
Expert Alumni

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

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.

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