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Why does Form 8615, Parent's Schedule D and Investment Interest Smart Worksheet reject zero for "ParentsNetLTGain"? I'm getting an error for this, Line B.

The line references to get the value from SchD line 15 or Qual Div/CapGn worksheet line 3, but I have both of those as zero in my return.  I don't understand why the tool is rejecting zero.
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3 Replies
LinaJ2020
Expert Alumni

Why does Form 8615, Parent's Schedule D and Investment Interest Smart Worksheet reject zero for "ParentsNetLTGain"? I'm getting an error for this, Line B.

Are you choosing the Pre-TCJA or TCJA rate?  Try to just leave them blank instead of zeros. 

 

@dtbaietto2

 

 

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Why does Form 8615, Parent's Schedule D and Investment Interest Smart Worksheet reject zero for "ParentsNetLTGain"? I'm getting an error for this, Line B.

Hi @LinaJ2020 .

Indeed, leaving the entry blank prevents the Error.  I was going back through the Interview to see the exact wording of the instructions:

If Schedule D, Line 15 is a gain, enter the amount on this line.

If Schedule D, Line 15 is a loss, do not enter an amount on this line and leave the line blank.

So, I was assuming zero was needed, as I was not considering zero as a "loss".  Thanks for the help.

LinaJ2020
Expert Alumni

Why does Form 8615, Parent's Schedule D and Investment Interest Smart Worksheet reject zero for "ParentsNetLTGain"? I'm getting an error for this, Line B.

Glad to hear that.  You are very welcome!

 

@dtbaietto2

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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