KathrynG3
Expert Alumni

After you file

These changes should already be in place now.

 

To return to this area in your return, from the search for form 8615 in the search box. Select the Jump to link in the search results and follow the prompts.

 

From within the 2018 tax software, you will be asked for your preference: Answering Yes to the Election to Use Pre-TCJA Rules will tax the children's unearned income at the parent's rates

 

Selecting No would tax the children's unearned income at the estates & trusts rates.

 

For more information, see: Topic No. 553 Tax on a Child's Investment and Other Unearned Income (Kiddie Tax) | Internal Revenue ...