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SmartCheck Error: Form 8615

I am trying to file my children's taxes and smart check gives me the following error for both:

 

"Form 8615: ParentsNetLTGain shouldn't be less than or equal to zero." 

 

Our (parent's) net capital gain in 2022 was a significant loss.  I filled it out as directed by the program and now it is saying that cannot be.  What am I supposed to do here?  There was no "gain" for us last year.

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1 Reply
PattiF
Expert Alumni

SmartCheck Error: Form 8615

 

You can fix the problem by redoing the interview for "Child's Income (Under Age 24)" in the Less Common Income Section

  • On the page "Parents' Capital Gains", when entering a value for Schedule D, leave the space empty
  • Click on the Learn More link where there is an important note that If Schedule D, Line 15 is a loss, do not enter an amount on this line and leave the line BLANK (no zero).
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