The form 8615 goes with her return. It asked for parent taxable income line 43 of 1040 and tax from line 44 I think.
I used the turbotax freedom edition because she had to file form 1040. It did federal and state for free for incomes under $31k.
On the form 8615 it put her taxable income after it subtracted the $6300 from her total income.
Thanks @mommdc . I wish I knew why it didn’t bring the 8615 form into D’s return. Oh well.
Do you think it depends on version of TT?
I couldn’t use the one that does only 1040EZ for D.
The freedom edition is nice because it did the forms and schedules she needed and was free (AGI under $31k).
We used Taxact for ours.
Well I used TT today and it forced a bump up to Deluxe because of the scholarship income (big eyeroll at TT). I let it since I’m not filing with it thus won’t pay for it anyway.
I can’t imagine it would matter which version though. If TT thinks you need more than an EZ it tells you so and charges extra (except for that freedom edition).
I used the HRB freedom edition - linked from the IRS site - for her actual return. It generated the EZ but it could have done something else if it was required. All she had was regular wage income and the scholarship income.
I thought that the TT free/basic version asks you to upgrade if it gets too complicated for 1040 EZ. Freedom version doesn’t do that. But it asks on first page if you qualify (income or active military).
If you save and come back you need to sign in from freedom page, not reg TT or it won’t work. At least that was my prior experience.
That’s correct but today with my test I didn’t bother with the free version because I knew I wouldn’t file. I just wanted to see if TT did it differently than HRB, and it didn’t.
Ok. I’m not sure why it didn’t.
I did not follow link from IRS free file. I googled ‘Turbotax Freedom Edition’.
I just tried the link from IRS free file site to Turbotax all free. That’s nice that they linked to it from IRS site so it’s easier to find.
We’re getting weird answers with TT this year. D has more than 8800 in taxable scholarship, couple of hundred in investment unearned income and earned income of 1400 and it is not giving us anything at kiddie tax rate which seems wrong. We’ve paid it in the past. H contacted help line but no straight answer. Doesn’t seem to trigger 8615 which can’t be right
How did you enter the taxable scholarships? D is still your dependent?
Yes. Well answered the prompts. Yes she is dependent
Let us know if you hear back from the helpline.
No help what so ever. H started her return over. Still doesn’t kick off 8615. On the surface it looks like by way question is phrased that it’s because her real investment income (not including taxable scholarship) is less than 2100. Therefore it is not considering any. That would be great but I’d feel better if could see that IRS had made change to way it figures it. We looked back at last year and her investment income was also less than 2100 and we definitely were pointed to 8615 and had unearned income taxed at our rate. If that’s how it’s handled it seems like very few people would have this issue since real investment income over 2100 is not common. Her taxable scholarship is lower this year but still around $8800 as opposed to 2014 when more like $12000 but that doesn’t seem to be cause. So confused.
Well can’t edit but finally figured out what was happening. Working with multiple 1098s this year and the difference in how reported messed up some numbers. Knew we weren’t getting off that easy.