My daughter is a full time college student (20 years old), dependent, single, income with $2,800.
On her tax return (online preparation), Form 8615 is attached and the income is now $5,800 (2,800 +3,000). Just being a dependent, the income, $3,000,Form 8615
Tax for Certain Children Who Have Unearned Income will be added?
Is this correct?
You'll need to sign in or create an account to connect with an expert.
If any of the following apply to your daughter TurboTax will generate a Form 8615.
Thank you so much for your reply.
But could you explain where $3,000 come from? Is it a default amount?
The $3,000 is not a default amount. Your daughter should review her tax return to insure that all the data was entered correctly and no incorrect amounts were entered.
I found an error in the calculations associated with Form 8615. This problem was substantiated in a reply from Intuit on 3/25/2020 stating they are aware of the problem.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
TomG6
New Member
joellevine1952
Level 1
tbduvall
Level 4
stech
Level 4
daddykinz27
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.