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plclark4
New Member

Why does my 19 year old daughter need to file form 8615 on her tax return? I claim her as a dependent and school expenses, but she claims her income of less than 6k

 
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AndreaG
New Member

Why does my 19 year old daughter need to file form 8615 on her tax return? I claim her as a dependent and school expenses, but she claims her income of less than 6k

It depends. If her income consists of more than $2100 in unearned income and meets certain other requirements, then she would be required to file Form 8615.  Please refer to page 1 of the IRS form instructions under the heading, "unearned income" for additional information. This is a good FAQ about unearned income. https://ttlc.intuit.com/replies/4790636

When children have investment income, the IRS gets concerned that parent's might be putting their own investments in their kid's name since kid's are taxed at a lower rate than adults. Please refer to the following FAQ for additional information. https://ttlc.intuit.com/replies/3301446

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1 Reply
AndreaG
New Member

Why does my 19 year old daughter need to file form 8615 on her tax return? I claim her as a dependent and school expenses, but she claims her income of less than 6k

It depends. If her income consists of more than $2100 in unearned income and meets certain other requirements, then she would be required to file Form 8615.  Please refer to page 1 of the IRS form instructions under the heading, "unearned income" for additional information. This is a good FAQ about unearned income. https://ttlc.intuit.com/replies/4790636

When children have investment income, the IRS gets concerned that parent's might be putting their own investments in their kid's name since kid's are taxed at a lower rate than adults. Please refer to the following FAQ for additional information. https://ttlc.intuit.com/replies/3301446

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