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Level 3
Feb 2, 2021 6:42 PM UTC
Question

kiddie tax

On Form 8615 line 15 says enter tax on amount on line 14 based on child's filing status.  My line 14 amount is $1850 and the tax should be $186 but the program is calculating the tax as $468.  Is the program calculating this incorrectly? 

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4 replies

qbteachmt
Level 15
Feb 2, 2021 7:02 PM UTC

Have you worked through the instruction worksheets?

https://www.irs.gov/pub/irs-pdf/i8615.pdf

 

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ykbceAuthor
Level 3
Feb 4, 2021 1:36 PM UTC

Child has no interest or dividends so worksheets didn't apply.

ykbceAuthor
Level 3
Feb 4, 2021 1:40 PM UTC

Child has no interest or dividends so worksheets did not apply.