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

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The IRS MeF system is now processing returns, and the filing deadline has been extended to 11:59 PM on Wednesday, April 18, 2018. For the latest details, see UltraTax CS alerts and notices.


Why is Form 8615 Line 1 including unemployment compensation?


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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