Deductions & credits


@ahydress wrote:

TurboTax "forces" a form 8615. If I uncheck "check if parent elects to report income" on my 19-year-old 8615, her fed due jumps from $149 to $1497. My high-schooler - from due $252 to due $2316. How is that if it's already claimed in their Unemployment section? It's like it's getting taxed twice. 


 

I suspect it is doing that because it was NOT originally using the "Kiddie Tax" for your children on Form 8615.  The Kiddie Tax basically is applying YOUR tax rate (which is likely higher than your childrens' tax rate) to your children's Unemployment.  That is why you see the change.

 

For your question about 8915-E, I don't know, so maybe someone else can answer that.  It is quite possible it is not fully incorporated into the software yet.  Also, from what I understand, it can not be directly e-filed.  And because TurboTax does not allow attaching PDFs, you may need to file by mail (or go to a tax professional).

 

For the second stimulus check, do you have a question?  There is a section in the program (I think it is near the end) that is supposed to walk you through it.