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Level 2
April 12, 2021
Solved

Kiddie Tax and Parents 8962

  • April 12, 2021
  • 1 reply
  • 12 views

If a child has a filing requirement because of unearned income and is subject to kiddie tax, is this considered additional income for the household income on the parent's Form 8962?  Based on the 8962 instructions it appears it would be, but the reason for the question is that Lacerte doesn't "pull" this income in when using the parent/child link.  I'm hesitant to enter manually on the parents return because I generally assume Lacerte is correct.  Anyone have experience with this? Thanks!

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Best answer by sjrcpa

Yes it is additional household income. Lacerte will not pull it in for the 8962.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
April 12, 2021

Yes it is additional household income. Lacerte will not pull it in for the 8962.

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