PattiF
Expert Alumni

Get your taxes done using TurboTax

According to the instructions from the IRS for Form 8615, you would only include the part of the income that is taxable.

 

"Nontaxable income.

For this purpose, unearned income includes only amounts your child must include in gross income. Nontaxable unearned income, such as tax-exempt interest and the nontaxable part of social security and pension payments, isn’t included in gross income."

 

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