Should I file taxes?

cs216student · Feb 19, 2020 4:42:23 PM

<P>I am a 23 year old student and from CA. I did not earn any income but earned interest of $4027 in the form of interests and dividents from accounts that had mostly gifted money from parents (and a small bit from my past internships in 2018 and earlier than that for which I already filed taxes). Should I still file taxes for 2019? If so, will that be considered kiddie tax as I am not yet 24? Also, as I am unable to support myself, I will have to mark that my parents can claim me as dependent on their tax return. Thank you.</P>

@cs216student wrote:

Thanks a lot! That was super helpful. I understand that if I choose pre-TCJA rules, then it should prompt me for parents information. So, I got back to the election and chose "No" for election to use pre-TCJA rules and it still prompts me for parents information, their income, etc. Please advise.

This is a bug in the interview, and it has been reported. However, when you choose No, even though it asks for parents' information, the software is correctly calculating the tax using the TCJA rules. It ignores the parents' information that you enter. So enter anything you like just to get through the questions.

I can't help you with the California problems. I don't know anything about it. I'll see if I can get someone else to help.