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Data entry

Calculate Form 8615 when a plan isn't a family plan

Complete the following steps to calculate Form 8615, Tax for Certain Children Who Have Unearned Income, when the plan isn't a family plan.
note
The taxpayer must be under age 24 to qualify. To review the taxpayer’s date of birth, choose
File
, then
Plan Information
, and select the
Client Information
 tab.
  1. Choose
    Main
    , then the
    Exemptions
     tab and mark the
    Yes
     checkbox in the
    Subject to minor child rules?
     field.
  2. If this calculation is for tax years other than 2018 through 2025, choose the
    Other Taxes
    , then the
    Minor Child Tax - P2
     tab, and enter information from the parents' tax return. Enter the filing status and taxable income.
note
Planner CS suppresses the Form 8615 calculations if:
  • You selected
    Joint
     in the
    Filing status
     dropdown field on the
    Main
    , then the
    Summary
     tab, or
  • The taxpayer’s
    Net unearned income amount
     on the Minor Child Tax - P1 tab is 0 (zero).

This article applies to:

  • PRODUCT: Planner CS