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Level 1
February 25, 2021
Question

I am filling two dependent children's tax returns. One of the questions in TT is "Your parent's total net investment income for all other children." What's that mean?

  • February 25, 2021
  • 1 reply
  • 5 views
Does it mean all my other children regardless of whether they filed their own return or were part of mine?

1 reply

Mike9241
Level 15
Level 15
February 25, 2021

all other children where form 8615 was included with their return

Enter the total, if any, from Forms 8615, line 5, of all other children of the parent named above. Do not include the amount from line 5 above....................

the amount that goes on line 7 of form 8615

https://www.irs.gov/pub/irs-pdf/f8615.pdf 

Mike9241
Level 2
May 3, 2021

Why doesn't TurboTax allows me to enter a number in Line 7 on Form 8615 (Enter the total, if any, from Forms 8615, line 5, of all other children of the parent named above).