Question

Form 8615

Forum|Forum|1 year ago
March 13, 2025
2 replies
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As guardian of our 19 year old grandchild, she is claimed as a dependent on our tax return. Do I fill out the parent section with my info needed on form 8615. Or do I not need this form filled out. Please advise.

T

ThomasM125

No, you would only enter the parent's information on Form 8615. You do need to complete that form if the child was required to file a tax return, had more than $2,600 of unearned income in 2024, was under 18 or full-time student under age 24, and at least one of their parents were alive in 2024 and the child does not file a joint tax return for 2024.

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Hal_Al

Q. As guardian of our 19 year old grandchild, she is claimed as a dependent on our tax return. Do I fill out the parent section with my info needed on form 8615?

A. No. If form 8615 is needed, it is filled out with the parent's income info, even though the parent is not claiming the dependent.

Q. Or do I not need this form filled out?

A. If form 8615 is needed, TurboTax (TT) will automatically generate it. This happens when the child has more than $2600 of unearned income (interest, dividends, capital gains, unemployment, taxable portion of 529 distribution and sometimes taxable scholarship*).

*Scholarships are a hybrid between earned and unearned income. It is earned income for purposes of the $14,600 filing requirement (2024) and the dependent standard deduction calculation (earned income + $450). It is not earned income for the kiddie tax and other purposes (e.g. EIC). For grad students and post grad fellows, scholarship, stipend and fellowship income is earned income ("compensation") for IRA contributions.

Taxable scholarship goes on line 8r of Schedule 1, from which TT treats it as hybrid income.

S

sekaminsky

Hello-

At what point in the Easy Step "walk me through everything" will Form 8615 pop up?

Trying to find it in the Easy Step table of contents.

Thank you!

Hal_Al

Q. At what point in the Easy Step "walk me through everything" will Form 8615 pop up?

Trying to find it in the Easy Step table of contents.

A. It does not come up in "Easy Step". It's a background thing, depending on where the unearned income is entered. If the parent's info is needed, TurboTax will generate new interview questions.