Form 8615, Tax for Certain Children Who Have Unearned Income on a Tax Return
- For purposes of Form 8615, children are considered to be younger than 18, or full-time students age 19-23, whose own income is less than one half of their support.
Form 8615 must be filed for any child that meets the following IRS conditions:
- The child has unearned income greater than $2,300 (2022), $2,200 (2021), $2,100 (2020).
- The child is otherwise required to file a tax return.
- At least one of the child's parents was alive at the end of the tax period.
- The child doesn't file a joint return for the tax period.
If the taxpayer does not receive support from someone else, and no one is claiming them, you will need to navigate to Form 1040 Line 9, and place an "X" in the box to indicate no Form 8615 is required. This will clear the Verify and no additional action is needed.
If the taxpayer's support is less than one half of their support and they are being claimed as a dependent of another, follow the instructions below to complete Form 8615:
1. Select Add Form.
2. Begin by typing Form 8615, into the search bar at the bottom of the All Forms and Schedules Menu.
3. Select Form 8615. Double-click to add the form.
4. Complete the parent's information section at the top of Form 8615.
5. Complete Part I - Child's Net Investment Income as needed.
6. In Line 6, enter the parent's taxable income form 1040/1040-NR, Line 15.
7. In Line 7, enter the total from Forms 8615 for all of the parent's other children.
8. In Line 10, enter the parent's tax from Form 1040/1040NR, Line 16 - AMT (Alternative Minimum Tax).
The child's tax will calculate in Part III.