You'll need to sign in or create an account to connect with an expert.
Are you sure you don't have any unearned income? Unearned income is basically any income that wasn't from working. It could be interest from a bank, Social Security benefits, or even unemployment benefits. Any income that's not on a W-2 or from self-employment is probably unearned income. Here's the definition of unearned income from the IRS Instructions for Form 8615, Tax for Certain Children Who Have Unearned Income. The same definition applies to California in most cases.
"Unearned income is generally all income other than salaries, wages, and other amounts received as pay for work actually performed (earned income). It includes taxable interest, dividends, capital gains (including capital gain distributions), rents, royalties, pension and annuity income, taxable scholarship and fellowship grants not reported on Form W-2, unemployment compensation, alimony, the taxable part of social security and pension payments, and income (other than earned income) received as the beneficiary of a trust."
Although they are not mentioned in the IRS instructions, hobby income and the Alaska Permanent Fund Dividend are also unearned income.
It's not clear what you mean by "ChildrenCalifornia Formwith" or where in TurboTax you see a check box that you want to uncheck. Are you asking about something in the federal tax return or in a California tax return?
The tag below your question says that you are using TurboTax Deluxe Online. Is that correct?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
dr-kamran-sartipi
New Member
Good-Golden
Returning Member
jbsophia
New Member
coehomtax
New Member
aewood12
New Member
in Education