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New Member
posted Feb 24, 2021 9:24:49 PM

I am filling two dependent children's tax returns. One of the questions in TT is "Your parent's total net investment income for all other children." What's that mean?

Does it mean all my other children regardless of whether they filed their own return or were part of mine?

0 3 1695
3 Replies
Level 15
Feb 24, 2021 11:58:23 PM

all other children where form 8615 was included with their return

Enter the total, if any, from Forms 8615, line 5, of all other children of the parent named above. Do not include the amount from line 5 above....................

the amount that goes on line 7 of form 8615

https://www.irs.gov/pub/irs-pdf/f8615.pdf 

New Member
May 3, 2021 10:14:26 AM

Why doesn't TurboTax allows me to enter a number in Line 7 on Form 8615 (Enter the total, if any, from Forms 8615, line 5, of all other children of the parent named above). 

Level 2
Mar 26, 2023 1:35:19 PM

What a bogus reply, Turbo tax needs to hire knowledgeable people who give proper and definitive replies and not cryptic nonsenses replies.

This question remains unanswered.