1040-US: Form 8615, line 1 includes unemployment compensation. Why?

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Question

Why is Form 8615 Line 1 including unemployment compensation?

Answer

Form 8615 instructions specifically define unemployment compensation as unearned income. For more information, see the Unearned Income section of the Form 8615 instructions.

Related topic: Form 8615 - Kiddie tax FAQs (1040)

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