I do not see form 8615 on Turbo Tax. I need it to file my sons u earned income. All I see is 1099 music. How can I find it on Turbo Tax?

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TurboTax Deluxe Online

AshleyRose

Level 9

Expert Reviewed

Form 8615 is Tax for Certain Children Who Have Unearned Income. To find Form 8615 please follow the steps below. I have also included additional information as it pertains to Form 8615 if needed below.

Login to your TurboTax Online account.
Select the “Take me to my return” button.
Click on “Tax Tools” on the left menu bar.
Select "Tools".
Click on "Topics Search"
Type in 8615 and you should see this topic now highlighted in the list, click the "Go" button to step through the interview process and review/edit your entries.

Additional Information:

In General, the first $1,050 worth of a child's unearned income is tax-free. The next $1,050 is taxed at the child's income tax rate for 2017. Anything above $2,100, however, is taxed at the rate that applies to the child's parents, which usually is higher than the child's rate. This tax treatment has gained a nickname: the "kiddie tax." Calculating how much tax applies to the child's income is the purpose of Form 8615

How do I report my child's investment income?

https://ttlc.intuit.com/replies/4790655

See this link for additional information about Form 8615. https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Forms/What-is-IRS-Form-8615--Tax-for-Certain-...

zackcannonzk

Level 2

Hello. I do not have a child or dependent. I selected no and the review STILL has me go back every time and edit the 8615

wogga

Level 2

For anyone else wading through the Form 8615 with Turbotax, it was important for me to discover I think you must go into the 'forms' part instead of the 'step by step' part of the software.

Once looking at the 8615 forms, you have to right click (on Microsoft PCs, anyway) and click "override", at which point you can control the form's calculation of whether you want the form to say "YES" or "NO" to this, the kiddie tax.

My TT had assigned the return to 8615/Kiddie tax=NO, but in the case of the return I'm doing for a college student family member, I determined that the person DID have to file 8615 with YES. After I did that, the correct kiddie tax was applied. Oh Joy! BTW I'm using the stand-alone Premier product and I'm not a tax professional.

ChipD

Level 2

I believe the unearned income calculation on the 8615 to be incorrect for TY 2020. I've read the first $2200 is tax free, then the next $2650 is taxed at 10%. Turbo tax is not doing this

https://ttlc.intuit.com/community/income/help/what-is-the-kiddie-tax/00/25913