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why is turbotax calculating unearned income even when i dont have any unearned income exceeding 2500

 
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AmyC
Expert Alumni

why is turbotax calculating unearned income even when i dont have any unearned income exceeding 2500

You may have more than you realize. A child’s unearned income may include:

  • Taxable interest
  • Dividends
  • Capital gains
  • Taxable scholarships
  • Income produced by gifts from grandparents
  • Income produced by custodial accounts under the Uniform Gifts to Minors Act (UGMA)
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