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Federal input screens

Screen 8615 - Kiddie Tax - Parent and Taxpayer Information

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Overview

The child's age (as of the end of the tax year) must meet one of the following requirements for Form 8615.
  • Under the age of 18
  • Age 18 and earned income was less than half of their support
  • Between 18 and 24, full-time student, and earned income was than half of their support
To determine if you should file Form 8615 for children between ages 18 and 23, you must complete the
Meets certain children age 18 through 23 conditions
 field in the 1040 screen, located in the General folder.
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
The Using the Family Transfer Utility won't split the data in the parent's 8615 screen. If filing separately is more beneficial for your married clients, delete the 8615 screen data in the joint return and redefine the family unit in the appropriate separate return. If you enter data in the 8615 screen for both the parents' joint and separate returns, the children's Form 8615 won't calculate correctly.

Form 8615 - General and Parent Information

Use this section to enter general form and parental information needed to complete Form 8615. Enter the child's date of birth in the 1040 screen to determine if the child meets the age requirements for Form 8615.
Parent's Client ID
Data in this non-enterable filed indicates that the data was transferred to this screen using the Family Transfer Utility.
Parent's SSN / First name / Last name
Enter the parent's name and Social Security number (SSN), 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's listed 1st on the joint return.
Earned income adjustment for Form 8615, line 1
Use this field to make a positive or negative adjustment to earned income used to calculate Form 8615 line 1, Unearned income. Earned income for Form 8615 purposes is defined as wages, tips, and other payments received for personal services performed, and is generally the total of Form 1040 line 1 and Schedule 1, lines 3 and 6. Earned income also includes a reasonable allowance for personal services compensation when the child is involved in a trade or business in which both personal services and capital are material-producing factors. Line 1 calculates using the child investment income worksheets located in Form 8615 and Publication 929. The child investment income worksheets calculate line 1, unearned income by subtracting earned income from total income. See the Form 8615 instructions and IRS Publication 929, Tax Rules for Children and Dependents for more information.
note
As defined in Publication 929, Tax Rules for Children and Dependents, unearned income includes taxable interest, dividends, capital gains (including capital gain distributions), and the taxable part of Social Security and unemployment compensation. Investment income includes amounts produced by assets the child obtained with earned income (such as interest on a savings account into which the child deposited wages).

Election - Parent Return Information

Use this section to enter information from the parent's return.
Taxable income
Enter the parent's taxable income from Form 1040, unless the parent is filing Form 2555. If Form 2555 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 in this field aren't reported on the form.
Foreign Earned Income Tax Worksheet Line 2c
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.
Income tax
Enter the amount of tax calculated on the parent's return. Don't include any Form 4972, 8814, or 8889 tax reported on Page 2 of the parent's 1040. If the parent is filing Form 2555, enter the amount from line 4 of the parent's Foreign Earned Income Tax Worksheet instead.
Qualified dividends
Enter the amount of qualified dividends reported on the parent's Form 1040, Page 1. UltraTax CS needs this amount to calculate the tax using the capital gains rates on Form 8615.
Schedule D / Form 4952
If you use Schedule D or the Schedule D Tax Worksheet to figure the parent's tax on Form 1040, UltraTax CS 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 isn't required to file Schedule D, enter the amount from 1040, Page 1.
note
Don't 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 isn't completed, enter the lower of parent's Schedule D line 15 or 16, when line 16 is a positive amount. To determine which worksheet was calculated in the parent's return, please review the DTaxWrk folder. The 1st tab is Qualified Dividends and Capital Gain Tax Worksheet. The 2nd tab is the Schedule D Tax Worksheet.
Schedule J - Farm Income Averaging
If Schedule J was used to figure the parent's tax on Form 1040, UltraTax CS requires additional information to calculate the tax on line 4 of Form 8615 - Election To Use Parent Tax Rate Worksheet. Enter the type of elected farm income and information from the parent's Schedule J in the fields provided.

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