Get your taxes done using TurboTax
@TeresaMand @Mike9241, FYI I've checked the instructions for 2022 Form 8615. I think my situation meets all the conditions and so 8615 is required:
- The child had more than $2,300 of unearned income. Sum of 1040 line 2a (Taxable Interest) and line 3b (Ordinary Dividend) is over 2,300.
- The child is required to file a tax return. According to Table 2 in Publication 501, my child is required to file tax return (using the rules for single filer under 65 and not legally blind). His unearned income is more than $1,150.
- Was a full-time student at least age 19 and under age 24 at the end of 2022 and didn’t have earned income that was more than half of the child's support. Child was full-time student in the age range. 1040 line 1z is less than half the child's support.
- At least one of the child's parents was alive at the end of 2022. I'm alive and well 🙂
- The child doesn’t file a joint return for 2022. Child is filing single.
Also here are some redacted screenshots from TT:
