Form 8615 is Tax for Certain Children Who Have Unearned Income. To find Form 8615 please follow the steps below. I have also included additional information as it pertains to Form 8615 if needed below.
- Login to your TurboTax Online account.
- Select the “Take me to my return” button.
- Click on “Tax Tools” on the left menu bar.
- Select "Tools".
- Click on "Topics Search"
- Type in 8615 and you should see this topic now highlighted in the list, click the "Go" button to step through the interview process and review/edit your entries.
Additional Information:
In General, the first $1,050 worth of a child's unearned income is tax-free. The next $1,050 is taxed at the child's income tax rate for 2017. Anything above $2,100, however, is taxed at the rate that applies to the child's parents, which usually is higher than the child's rate. This tax treatment has gained a nickname: the "kiddie tax." Calculating how much tax applies to the child's income is the purpose of Form 8615
How do I report my child's investment income?
