For tax year 2024, Line 6 of Form 8615 corresponds to the parent’s taxable income from Form 1040 line 15. This amount isn't manually entered in TurboTax Online or Desktop version. Instead, is automatically calculated from the parent/taxpayer’s income.
According to the IRS “Most income is taxable”. Please review that all income provided is correct and that any corresponding deductions have been taken. Changes to the parents income and/or deductions, will affect and update line 6 of Form 8615.To enter information corresponding to Form 8615, follow the instructions below:If you are using TurboTax Online
- With TurboTax opened, locate the Left menu panel and select on Tax Tools
- Then click on Tools
- Select Topic Search
- On the search bar type in “Form 8615” and hit enter
This will take you to the screens related to any entries about your child’s income and requirement to file
If you are using TurboTax Desktop
- Locate the Search tool on the top-right section of your screen
- Once you have clicked on the tool, a screen will appear that says connecting you to a digital assistant. You might need to sign in using your TurboTax account user ID and password.
- Type in Form 8615; this will bring you to a section to add/edit Form 8615.
