Line 15 of my client's child's return is showing tax of $1,744 on line 14 which is $1,100. Obviously wrong. Is anyone else having this issue?
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The solution to this problem has already been posted in other posts on this forum. Just do a search and you will find it and see what is going on
The last I saw, the Kiddie Tax was screwed up and you need to open with some worksheet about Schedule D (maybe Capital Gains or Qualified Dividends, even if that does NOT apply to the kid) and the calculation magically fixes itself.
The solution to this problem has already been posted in other posts on this forum. Just do a search and you will find it and see what is going on
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