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Level 3
March 29, 2022
Question

Form 8615

  • March 29, 2022
  • 1 reply
  • 4 views

Anyone else having trouble with Form 8615?  I tried to call ProSeries tech support today and did not get through.  I don't feel the Schedule J information is calculating correctly.

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1 reply

Just-Lisa-Now-
Intuit Community Champion
March 29, 2022
8615 is kiddie tax, Sch J is for farmers, not remotely connected, and youve offered nothing in the way of explaining what is happening or what youre having trouble with.

You may want to create a new post for one of your issues and explain what is happening that you feel shouldnt or what isnt happening that you feel should and maybe someone can help you figure it out.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
SoDakAuthor
Level 3
March 29, 2022

I'm sorry my explanation wasn't more clear, as I posted about this several days ago.  I have a child who needs to file Form 8615, because of unearned income over $2,200.  His parents filed their return using Sch J, Income averaging for farmers to calculate their tax due.  The Form 8615 has a worksheet to fill in when Sch J is used to figure the parents tax.  Form 8615, Line 9 says it will automatically calculate the tax due either using the Sch D/Qual Div worksheet or Sch J.  With all worksheets filled in, it says the parents tax using Sch J is $0, which is not correct.  The child should owe tax on his cap gains/qual div at the parents' 15% rate.  If I use just the Sch D worksheet and skip the Sch J, the tax is figured correctly.  However, it will not match what the parents' return says for their tax due.  I am wondering if anyone else has this problem, if I don't have a worksheet filled in correctly, etc.  I tried to call tech support this afternoon, but did not reach anyone.

Just-Lisa-Now-
Intuit Community Champion
March 30, 2022
Ahhh, I see, sorry. I file very few 8615s and have never had a client with e Sch J, so Im not going to be much help here, sorry.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪