Sorry, one more question on the Unearned piece of this.
1040 Schedule 1, line 8r has a heading of:
Scholarship and fellowship grants not
reported on Form W-2
It appears that the newest version of the definition for Unearned Income in 8615 has the exact same wording as in 1040 schedule 1 line 8r:
Unearned Income
Unearned income is generally all income other than salaries, wages,
and other amounts received as pay for work actually performed
(earned income). It includes taxable interest, dividends, capital gains
(including capital gain distributions), rents, royalties, pension and
annuity income, taxable scholarship and fellowship grants not
reported on Form W-2 , unemployment compensation, alimony, the
taxable part of social security and pension payments, and income
(other than earned income) received as the beneficiary of a trust.
Could this be something new and should now be considered unearned income?
Or still go on 8r but don't do the 8615 still even though that line fits the definition of unearned income?
Or something else?
Thanks again!
