Again, my thanks.
Again, my thanks.
I have attached my calculations for form 8615, which is where I get the $8000+ number. I'm not sure I understand your example, particularly the $4000. Based on all this review of instructions etc, I agree that TT should ask those questions (it does on the CA return) but I have run it several times and it never does! That was why I told you it would let me E-file.
| Forms 8615 & 3800 calculations | |
| with parents data | |
| | |
| Form 8615 | |
| Line1 childs unearned income | $28,873.00 |
| Line2 Deduction | $2,600.00 |
| Line3Line1-Line2 | $26,273.00 |
| Line 4 Childs taxable income from 1040 | $14,273.00 |
| Line5 Smaller of ln 3 or ln4 | $14,273.00 |
| Line6 Parents taxasble income | $92,905.00 |
| Line7 | |
| Line 8 Add lns5, 6 and 7 | $107,178.00 |
| Line9 Tax on amount on line 8 | $18,765.22 |
| Line10 Parents tax | $10,603.00 |
| Line11 Difference in tax ln9-ln10 | $8,162.22 |
| Line12a Add lines 5 and 7 | $14,273.00 |
| Line 12b Divide line 5 by Line 12a | 1.00 |
| Line13 Line 11times Line 12b | $8,162.22 |
| Line14 Line 4 minus Line5 | $0.00 |
| Line15 Tax on line 14 | $0.00 |
| Line16 Line 13 + Line15 | $8,162.22 |
| Line17 Tax on line 4 | $1,481.00 |
| Line18 Larger of line 16 or 17 | $8,162.22 |
| Line18 is Emmas tax | $8,162.00 |
| Conclusion This is Emmas tax! | |
| In 2023 it was3218. | |
