I have 3 minor children and they all have realized unearned income slightly above $2200 in 2020. As some of the income is from capital gains, I have to file tax returns for them. TurboTax desktop edition does not ask about the other children or the parents taxes, until the return is reviewed at the end, and then it asks to enter taxable income for the parents.
However the form 8615 itself asks on line 7 to enter the total of line 5 for all other children. TT does not pick this up as an error. The IRS instructions for form 8615 do not mention line 7!! Do I just enter the information on the form and hope that TT will come up with the correct calculations? Is there a way to link the parents and the children's returns?
