Q. It puts their standard deduction as $12,285 - not the $14,600. Does that sound right?
A. Yes. Dependents don't get a straight $14,600 SD. Instead, their SD is their earned income plus $450, but not more than $14,600. It still means their earned income does not get taxed, as you can see. $11835 + 450 = 12285.
Q. Can you please advise if this (form 8615) sounds right or if I have done something wrong and this form is not needed?
A. Yes, all is good. TurboTax (TT) always prepares form 8615, in this situation (dependent has taxable scholarship).
Q. So I am curious if its ok to submit it like this with just these 4 questions answered?
. A. Yes. That was enough to complete Part I of form 8615. At the end of Part I, TT concludes Part II is not required and doesn't need the other info. See the wording line 5 on form 8615.
