Question on Form 8615 Line 15

[JR2002]

Line 15 states, "Enter the tax on the amount on line 14 based on the child's filing status". Line 14 is 1,850. 

Instructions for line 15 state:
Figure the tax using the Tax Table, Tax Computation Worksheet,
Qualified Dividends and Capital Gain Tax Worksheet, Schedule D
Tax Worksheet, or Schedule J, whichever applies.

There are no capital gains or qualified dividends involved so shouldn't I use the Tax Table? Tax Table for 1,850 filing single has 184 but Turbo Tax has 988 on line 15.

So confused!

[AmyC]

I am assuming no farming or fishing either. So, that does leave the tax table and $988 would not make sense no matter how you choose to tax that amount. Would you be willing to send us a diagnostic so we can look at your issue? Here is how:

• If you are online, go to tools > share file with agent > 6 digit number pops up.
• If on desktop, go to online >send tax file to agent > number pops.

Reply with the diagnostic code here. 

[4934MB]

I have the same issue.  Line 14 is $1,847 and Turbo Tax shows tax at $518 which would be the tax on the entire taxable income not the amount on line 14.  Tax schedule shows the tax on $1,847 would be $184.  Turbo Tax is using the wrong figure to determine the tax on line 15.  Now the unearned income is not only being tax at the parents rate but also 2tx at child rate.

[AB461]

I am having the same issue.  Line 15 is calculating the tax on Line 14 amount of $1850 to be $1438.

[rjs]

@AB461 @JR2002 @4934MB 

This is a known bug in the calculations on Form 8615. TurboTax is working on the problem. In the meantime, here is a way that you can work around the bug and get a correct result.

Are there any qualified dividends in the parent's tax return? If not, go through the Child's Income interview again in the child's tax return, and enter $1 in "Parent's Qualified Dividends." When you press Tab or click Continue you should see the tax amount change. Go back and delete the qualified dividends that you entered, or change it to zero. Then proceed through the rest of the Child's Income interview until you get back to the income summary screen. Form 8615 should now be correct.

[AB461]

@rjs This worked like a charm, thank you.