I do not see form 8615 on Turbo Tax. I need it to file my sons u earned income. All I see is 1099 music. How can I find it on Turbo Tax?

[MaryM428]

You can include your child's unearned income on your tax return or you can file a separate tax return for the child.  If the income requirements are met a return can be filed for no cost by using TurboTax Free File.

Here are the instructions for reporting your child's unearned income.

In 2020 many parents will have children with unearned income due to the pandemic unemployment payments.

[ChipD]

thank you Mary for replying but you are not answering my question.  I agree especially this year there will be thousands of people in this situation and will have not idea how the dependent will be taxed.  The question is, in a high level how is the unearned income being taxed for a child that has over $2200 in unearned income?

[kip20]

FYI - turbotax didn't solve this issue and doesn't acknowledge that it is an issue. Use a different tax software - it will calculate correctly.

[kip20]

Oops. Forgot to include the numbers:

First $2200 of unearned income should be taxed at 0%.

Income after that will be taxed at whatever it would have been taxed at the parents rate.

[ChipD]

thanks Kip20.  I wish it was that simple.  if what you said is true then turbo tax certainly has an issue.  where are all the tax experts?  this will be the hottest topic and thread this year.  who's going to stand up?