Screen 8615 - Kiddie Tax - Parent and Taxpayer Information

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Overview

Use this screen to enter taxpayer and parent tax information for children that transfers to Form 8615, Tax for Certain Children Who Have Unearned Income of More Than $2,100. Use Screen 8615Sib to enter sibling information.

See also

Form 8615 - Taxpayer's Tax on Certain Children

Enter the child's date of birth in Screen 1040, to determine if the age requirements for Form 8615 are met.

Notes

  • Form 8615 age requirements as of the end of the tax year are as follows:
    • Under the age of 18
    • Age 18 and did not have earned income of more than half of their support
    • Over 18 and under 24, full-time student and did not have earned income of more than half of their support
  • For the application to determine if Form 8615 should be filed for children between ages 18 and 23, the Meets certain children age 18 through 23 conditions field in Screen 1040, located in the General folder, must be completed.

Family Transfer Utility

Use the Family Transfer Utility to transfer data between the parent and child returns. See Using the Family Transfer Utility to transfer data between returns for more information.

Note that the Filing Status Optimization utility will not split the data entered in the parent's Screen 8615. If it is more beneficial for your married clients to file separately, delete the Screen 8615 data in the joint return and redefine the family unit in the appropriate separate return. If you enter data in Screen 8615 for both the parent's joint and separate returns, the children's Form 8615 will not be calculated correctly.

Form 8615 - General and Parent Information

Use this section to enter general form and parental information needed to complete Form 8615.

Data in this non-enterable filed indicates that the data was transferred to this screen using the Family Transfer Utility.

Enter the parent's name, Social Security number (SSN), and filing status, as outlined in the Form 8615 instructions. For example, if the child's parents were married to each other and filed a joint return, enter the name and SSN of the parent who is listed first on the joint return.

Notes

  • Filing status is required to calculate Form 8615.
  • When the Require a password to display SSNs checkbox is marked in the Setup > Security > Security Configuration dialog, the Social Security number will display as "###-##-####." For more information about masking Social Security numbers, see Masking SSNs for 1040 clients with preparers outside the U.S..

Enter one of the codes to designate that an amount has been estimated. The application will enter "Estimated" next to the appropriate line(s) on Form 8615.

Parent Return Information

Use this section to enter information from the parent's return.

Enter the parent's taxable income from Form 1040, unless the parent is filing either Form 2555 or 2555-EZ. If either form is being filed, enter the amount from line 3 of the parent's Foreign Earned Income Tax Worksheet located in the Form 1040 instructions. Negative amounts entered in this field are not reported on the form.

If the parents used the Foreign Earned Income Tax Worksheet to calculate tax, enter the amount from line 2c of that worksheet in this field.

Enter the amount of tax calculated on the parent's return. Do not include any Form 4972, 8814, or 8889 tax reported on Page 2 of the parent's 1040. If the parent is filing either Form 2555 or 2555-EZ, enter the amount from line 4 of the parent's Foreign Earned Income Tax Worksheet instead.

Enter the amount of qualified dividends reported on the parent's Form 1040, Page 1. The application needs this amount to calculate the tax using the capital gains rates on Form 8615.

If you use Schedule D or the Schedule D Tax Worksheet to figure the parent's tax on Form 1040, the application requires additional information to calculate the tax on Form 8615. Enter the amount from the parent's Schedule D, Schedule D Tax Worksheet, or Form 4952, if applicable. If the client is not required to file Schedule D, enter the amount from 1040, Page 1.

Note: Do not enter the parent's Qualified Dividends and Capital Gain Tax Worksheet line 7 in the Sch D Tax Wrk ln 7(Or smaller of Sch D ln 15 or ln 6) field. Only line 7 from the parent's Schedule D Tax Worksheet (if calculated) should be entered in this field. If the parent's Schedule D Tax Worksheet is not completed, enter the lower of parent's Schedule D line 15 or 16, when line 16 is a positive amount. To see which worksheet was calculated in the parent's return, please review the DTaxWrk folder. The first tab is Qualified Dividends and Capital Gain Tax Worksheet. The second tab is the Schedule D Tax Worksheet.

If Schedule J was used to figure the parent's tax on Form 1040, the application requires additional information to calculate the tax on line 9 of Form 8615. Enter the type of elected farm income and information from the parent's Schedule J in the fields provided.

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