2019年6月3日 · If the parent doesn't or can't choose to include the child's income on the parent's return, use Form 8615 to figure the child's tax. Attach the completed form to the child's Form 1040 or Form 1040A. Form 8615 must be filed for a child if all of the following statements are true. 1) The child's unearned income was more than $2,100.

2021年2月4日 · Form 8615, Tax for Certain Children Who Have Unearned Income, is required when a child meets all of the following conditions: The child had more than $2,200 of unearned income. The child is required to file a tax return. The child either: Was …

2025年3月13日 · If form 8615 is needed, TurboTax (TT) will automatically generate it. This happens when the child has more than $2600 of unearned income income (interest, dividends, capital gains, unemployment, taxable portion of 529 …

2025年2月14日 · After entering all the amounts to TT, and the Form 8615 is generated. I understand this is taxable scholarship because the income exceeds the standard deduction, I guess. In the Part 2 of Form 8615, there’re some fields to enter parent’s taxable income, but TT didn’t prompt for these details, so they remain blank.

2019年6月5日 · Purpose of Form. For children under age 18 and certain older children described below in Who Must File, unearned income over $2,200 is taxed at the parent's rate if the parent's rate is higher than the child's. If the child's unearned income is more than $2,200, use Form 8615 to figure the child's tax. Unearned Income

2024年2月27日 · Based on the filing instructions for this form from the IRS, they are not required to file the form. I have looked at similar questions posted, and it seems that TurboTax does not have the correct filing requirements. The IRS instructions state the following: Form 8615 must be filed for any child who meets all of the following conditions. 1.

2024年10月30日 · For Additional Information on form 8615 see: 2024 Form 8615 Instructions . Pub 970 Tax Benefits for Education . Pub 501 Dependents, Standard Deduction, and Filing Information . Tax planning for parents of college students What is IRS Form 8615: Tax for Certain Children Who Have Unearned Income

2025年2月19日 · Form 8615 Kiddie tax We are saying the IRS is complicated. If you are you the account owner and you take the distribution without passing it on to the beneficiary for qualified expenses, then you may report the distribution.

2020年3月20日 · Hi, it looks like I have the same issue with the 8615 form. "FDI_8615Line7Box_ErrorHold - This return was placed on hold due to calculation issues found in Form 8615." In the TurboTax application, it suggests to "update the 1040 product" and resubmit.... I updated TT, with the 3/20/2020 update and resubmitted taxes. My kids returns still get ...

2025年3月18日 · Most tax software (including TurboTax) will produce form 8615 but will stop at line 5, which says: "5. Enter the smaller of line 3 or line 4. If zero, stop; do not complete the rest of this form but do attach it to the child’s return"