Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Is 2021 Form 8615 calculating correctly?
Is 2021 Form 8615 calculating correctly?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
SoDak
Level 2
03-24-2022
04:57 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have a child who's required to file Form 8615. The parents used Schedule J to figure their tax liability on their return. I believe the child should owe tax on his unearned qual div/capital gain income based on the parents qual div/capital gain tax rate of 15% when using the Schedule J. Form 8615 in ProSeries is saying the parents' income tax on line 9 is $0 with the Schedule J box checked. This is a calculated field. If I override to show the parents' tax liability will the child's return reject. I have the Schedule J worksheet filled in that goes along with Form 8615, but the correct numbers are not flowing to the Form 8615. Am I missing something?
Labels
