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Will Form 8516 (kiddie tax) reflect the changes Congress made with the SECURE act? Turbotax is NOT clear on this, only saying the form isn't available until Feb 5.

 
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CatinaT1
Expert Alumni

Will Form 8516 (kiddie tax) reflect the changes Congress made with the SECURE act? Turbotax is NOT clear on this, only saying the form isn't available until Feb 5.

Yes.  This is why the form will not be available until after February 5.  Once the IRS finalizes the form with the changes, TurboTax will be able to make the changes needed.

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4 Replies
CatinaT1
Expert Alumni

Will Form 8516 (kiddie tax) reflect the changes Congress made with the SECURE act? Turbotax is NOT clear on this, only saying the form isn't available until Feb 5.

Yes.  This is why the form will not be available until after February 5.  Once the IRS finalizes the form with the changes, TurboTax will be able to make the changes needed.

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

Will Form 8516 (kiddie tax) reflect the changes Congress made with the SECURE act? Turbotax is NOT clear on this, only saying the form isn't available until Feb 5.

Are the Secure Act changes to the kiddie tax now available in TT Premier 2019?  This article explains well what the Secure Act overturned: https://www.marketwatch.com/story/the-secure-act-has-a-present-for-parents-an-easing-of-kiddie-tax-p...

cha41lil
New Member

Will Form 8516 (kiddie tax) reflect the changes Congress made with the SECURE act? Turbotax is NOT clear on this, only saying the form isn't available until Feb 5.

I have not been able to complete my return because turbo tax keeps saying this form is still NOT AVAILABLE.

what is the problem???? would like to complete my return

Will Form 8516 (kiddie tax) reflect the changes Congress made with the SECURE act? Turbotax is NOT clear on this, only saying the form isn't available until Feb 5.

Estimated release date is 2/27.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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