How do I file my parents taxes, when one works and one doesn't (mom only t5 slips from investments and doesn't make a lot on it)?

[animegurl666]

Should I be looking for any kind of dependent forms or anything?

[IntuitJacquelyn · Accepted solution]

It's beneficial to file their returns together. In TurboTax Online, go to Tools at the top and then click Return Manager and create a new return. On the How do you want to prepare your return screen, select Yes, I want to prepare our returns at the same time.

Preparing returns at the same time lets TurboTax optimize credits and deductions.

We recommend that you prepare your returns together because the combined outcome will always be the same or better than if you had prepared returns separately.

[animegurl666]

so it doesn't matter that she doesn't have a t4?

[IntuitJacquelyn]

No, it doesn't matter. When you walk through the interview, you'll just answer No to "did the person work in 2014"? To the question "did you have income from investments such as interest earned on investments, the sale of stocks or stock options, the sale of real property, income from rental property or other related investment expenses?" Select Yes. Then select Yes to "Did you have investment income reported on a slip?" Then select the T5 checkbox. Just continue through the interview having your mom answer the questions depending on her situation.

[animegurl666]

Thank you! 🙂