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Level 2
posted Feb 28, 2021 6:47:45 AM

Form 8615 - Is Line 15 calculating incorrectly ?

Form 8615 - I think Line 15 is calculating incorrectly.

 

details for this return I am working :

total unearned income (all unemployment income) is $12,495

Line 14 is $ 1,750 -

Line 15 says"enter the tax on the amount on line 14 based on the child's filing status" which would be single for this return.  Shouldn't Line 15 be  $ 176 ?  However, the number that calculates for Line 15 is $ 1,246

 

I think Line 15 is looking at the amount from Line 4 instead of Line 14

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1 Replies
Level 15
Mar 2, 2021 1:28:48 PM

See the responses to your other post about this problem that you tagged on to someone else's question, beginning at the following link. Please continue the discussion there, to keep all the information in one place.


https://ttlc.intuit.com/community/taxes/discussion/re-from-8615-is-for-the-kiddie-tax-which-calculates-the-t/01/2014093/highlight/true#M725896