IRS Form 8615 must be filed for any child who meets all of the following conditions.
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The child had more than $2,200 of unearned income.
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The child is required to file a tax return.
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The child either:
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Was under age 18 at the end of 2021,
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Was age 18 at the end of 2021 and did not have earned income that was more than half of the child's support, or
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Was a full-time student at least age 19 and under age 24 at the end of 2021 and did not have earned income that was more than half of the child's support.
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At least one of the child's parents was alive at the end of 2021.
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The child does not file a joint return for 2021.
For children under age 18, unearned income over $2,200 is taxed at the parent's rate if the parent's rate is higher than the child's. If the child's unearned income is more than $2,200, use Form 8615 to figure the child's tax.
IRS Form 8615 is described here.
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