It's good to learn that an update to Form 8615 is on the way. I am the parent of three children with unearned income. After entering my taxable income, each child's tax amount increased way more than expected. Upon further investigation, TT is incorrectly calculating the tax amount on Line 15. In addition, I have not been prompted to enter any information about my income, specifically dividends and capital gains, which results in an incorrect tax amount on Line 9. Can I expect these issues to be corrected when the update is released?
Finally, we were not warned about Form 8615 needing an update. Had I not been concerned about a surprisingly large tax liability, we wouldn't have discovered the tax calculation problems. We might have even proceeded to the e-filing step. If the update will not be available until February 26, a warning could have saved us a considerable amount of time.
