SoDak
Level 2
04-02-2022
11:32 AM
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I believe that I do have all of the worksheets filled in correctly. The parents' tax on line 9 of Form 8615 is currently a calculated field of $0. I have filled in the qual div; long-term cap gain; and sch j worksheets on the 8615. Am I missing a worksheet or step? If I take the elected farm income out of the Sch J worksheet the Cap Gain/Qual Div tax is the correct number for the parent before I used income averaging. Once the number is in the field on the Sch J worksheet for Line 2, the parents' tax goes to $0. I have tried updating the program, but that doesn't seem to help. Thank you @TiredFarmer for replying to this post. If you have any other suggestions, please let me know.