texgirl
Level 1

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?

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