bujeeez
Returning Member

Get your taxes done using TurboTax

Thanks for your reply.

 

From looking at the 8615 form, irs.gov/pub/irs-pdf/f8615.pdf,  it seems you are incorrect. Line 1 asks for unearned income. Line 2 says to enter $2,200 if there are no itemized deductions. Line 3 says to subtract Line 2 from Line 1. That means, that anything under $2,200 is not taxable. However, do i still need to file a return for them if the unearned income is under $2,200? Any professionals that can weigh in would be appreciated. Thanks