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Level 3
posted Mar 14, 2023 4:43:26 PM

TurboTax (2022.r21.042) Instructions for from 8615 are INCORRECT!

It looks like some of the detailed instructions for form 8615 are currently WRONG.

If you are in the situation where more than one dependent has unearned income (like two kids with college savings invested in brokerage accounts) each of their 8615's include numbers from the other sibling's 8615.
This year TurboTax drops the ball and provides INCORRECT instuctions when you use "Less Common Income > Child's Income (Under 24)"  Example: When entering "Net Qualified Dividends" you are referred to THE WRONG LINE of the 8165 Worksheet, Page 2, Line 5, Worksheet 3 - and are told to enter the value of line R which is actually the Net Capital Gain NOT the Net Qualified Dividends. Pretty angry that this cost me two hours to sort though, find the IRS instructions, and overcome TT's inability to provide helpful or correct information.

0 2 413
2 Replies
Alumni
Mar 14, 2023 6:47:19 PM

fixate,

 

I've forwarded your problem report to the powers-that-be.  You have every right to be peeved but I am happy that you are so competent with taxes that you both noticed and were able to work around the problem.

Level 3
Mar 15, 2023 1:26:07 PM

Having to work around neglected and incorrect instructions is deeply unsettling and incredibly frustrating.
It's absolutely not what I hope I'm paying for when I purchase Turbo Tax every year.

The language and unfortunate enduser guesswork and pain around "Qualified Dividends" and "Net Qualified Dividends" or worse "Total Net Capital Gain" vs. "Net Capital Gain" is made far far worse by rubbish instructions that refer to "Line S" of a worksheet that only goes to "R".