Scholarship

1 reply
14 views

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.

Scholarships

MarilynG

Alumni - Intuit

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.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Scholarship

1 reply

Unlock tailored help options in your account

Get answers to all your tax questions

Unlock tailored help options in your account

Get answers to all your tax questions

Sign up

Login with SSO

Let's get you signed in

Login with SSO