texgirl
Level 1
12-07-2019
10:38 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Our client has two children, one that is 17 and one that is a 21 year old student. They are both being claimed as a dependent by our client(s). They each inherited an IRA that was cashed in and they received nearly $14,000 each. We reported this income on Form 8615 for the 17 year old. Would the 21 year old need to report it on Form 8615 as well?
Best Answer Click here
Labels