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- Is 2021 Form 8615 calculating correctly?
Is 2021 Form 8615 calculating correctly?
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SoDak
Level 2
03-24-2022
04:57 PM
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I have a child who's required to file Form 8615. The parents used Schedule J to figure their tax liability on their return. I believe the child should owe tax on his unearned qual div/capital gain income based on the parents qual div/capital gain tax rate of 15% when using the Schedule J. Form 8615 in ProSeries is saying the parents' income tax on line 9 is $0 with the Schedule J box checked. This is a calculated field. If I override to show the parents' tax liability will the child's return reject. I have the Schedule J worksheet filled in that goes along with Form 8615, but the correct numbers are not flowing to the Form 8615. Am I missing something?
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