My child received a 1099-B with Total Proceeds > $8000. However, he has a Realized Loss of -$140. If I understand correctly, I have to file taxes for him since I can't add his 1099-B to my taxes. (I filed an extension for him because we hadn't yet received a K-3.)
It also looks like he meets all the requirements to file a Form 8615. His unearned income (which I understand is gross unearned income) is > $2600. However, it looks like the TurboTax Form 8615 shows his "Net Capital Gain" to be 0. So even though he meets the requirements to file a form, since the Net Capital Gain is 0, then is no form is needed? I see a Form 8615 Worksheet, but no Form in TurboTax.
Thanks!
