taxman6
Level 2

Client is 18 yr old dependent with $4000 in unearned income from stock sales. Also worked small job earning $748. He will be taxed at parents tax rate on 8815 form, BUT parents do not have option to claim his unearnmed income on thier taxes because he had a w-2 job. Proseries allows checking the box at top of 8815 hiwever to indcate that they DO have that opion and itr recalculates the taxes. It is my understanding this is incorrect as parents DO NOT haved that option. That box should not be able to be checked and the tax not recalculated. Proseries should correct that, unless I am totally wrong on this.

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