dmertz
Level 15

Education

Yes, Sec. 501 of the SECURE Act repealed section 1(j) of the tax code that had children's unearned income being taxed at estate and trust tax rates for years 2018 through 2025.  Any child who has a nonzero tax calculated on 2018 Form 8615 probably needs to amend their 2018 tax return to obtain a refund.  If you want to use TurboTax to do the amendment you'll have to wait until Intuit updates 2018 TurboTax to reflect this change or use overrides and calculate the tax yourself.