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Dove5712
Returning Member

Scholarship

I have unearned income from a scholarship, but Turbo Tax is not creating the form 8615 (kiddie tax) this year.  Did something change with the rules.  I had to complete the form last year and nothing has changed on my end.

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1 Reply
MarilynG1
Expert Alumni

Scholarship

The standard deduction for a dependent is the greater of $1100, or their earned income + $350 (but not more than $12,550). 

 

For the purpose of that calculation, taxable scholarship is treated as earned income.

 

So unless you have other Earned Income and exceed $12,550, you probably don't need Form 8615 this year.

 

Here's more discussion on Form 8615. 

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