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Questions on parents income for Form 8615 questionnaire do not apply if parents filed form 2555.
Hi, I'm filling out the Form 8615 questionnaire for my children in TT, and the instructions I see do not make sense in the context of my return.
As one example, see the question on 'Parents Capital Gains': "If the parents of [child] had any capital gains or losses, enter any amounts that appear on their 2024 Schedule D, the Qualified Dividend and Capital Gains Tax Worksheet line 3 and Form 4952." The data entry boxes given are for "Schedule D, Line 7", "Schedule D, Line 15 OR Qualified Div/Cap Gain Wksht Line 3", "Schedule D, Line 18", "Schedule D, Line 19", and "Form 4952, Line 4g".
I filed a 2555 with my return (live and work overseas at the moment), and I filed neither Schedule D nor Form 4952, nor do I have a Qualified Dividend/Capital Gains Tax Worksheet, so I don't know how to answer the above question. TT made me a Schedule D worksheet, and figured out my tax using the Foreign Earned Income Worksheet. What should I use here?