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Level 1
June 4, 2019
Question

What is this form 8615

  • June 4, 2019
  • 1 reply
  • 14 views
didn't have to do this last year, and can't seem to get around it. its asking for information of my parents which i don't have

1 reply

June 4, 2019

For children under age 18 and certain older children, unearned income over $2,100 is taxed at the parent's rate if the parent's rate is higher than the child's. If the child's unearned income is more than $2,100, Form 8615 is used to figure the child's tax.

Apparently you have sufficient unearned income (interest, dividends, etc) to require you to complete this form for 2016.