topic Re: Form 8615 in Get your taxes done using TurboTax

Form 8615

mikimoto08 — Sat, 15 Apr 2023 15:40:43 GMT

My daughter was 19 in 2022 and should have to complete 8615 because she did not have earned income that made up at least 1/2 of her support. TT is not completing Form 8615 for her. How do I get it to add that form?

Re: Form 8615

MaryK4 — Sat, 15 Apr 2023 16:10:56 GMT

For children under age 18 and certain older children, unearned income over $2,300 is taxed at the parent's rate if the parent's rate is higher than the child's and if the child's unearned income is more than $2,300. Did you enter the income in TurboTax? (It will not prompt you if there is no unearned income reported.) See Tax for Certain Children Who Have Unearned Income

Re: Form 8615

mikimoto08 — Sat, 15 Apr 2023 16:11:16 GMT

I did - I think the issue is that she had a carryover loss that offset the $3007 in unearned income, so the form was not needed.

Thanks for the quick reply!

Re: Form 8615

MaryK4 — Sat, 15 Apr 2023 16:43:55 GMT

Yes the carryover loss will put in under the reporting requirement. @mikimoto08