Form 8615 Tax for Certain Children Who Have Unearned Income on a Tax Return

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'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.