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Level 4
October 15, 2025
Question

Form 8615 - Kiddie Tax tax calculation

  • October 15, 2025
  • 1 reply
  • 7 views

I have input the correct information from the parent's return.  The child only has $2,784 of investment income ($184 taxable after the $2600 deduction)  However line 9 is generating an additional $3000 balance due.  Can anybody walk me through what I am doing incorrect?

Your assistance is greatly appreciated!!

1 reply

George4Tacks
Level 15
October 15, 2025

Look at the 8615.

Answers are easy. Questions are hard!
mattgutzAuthor
Level 4
October 15, 2025

Thanks for your response. My problem relates specifically to the calculations on the 8615.  The parents taxable income on line 6 is $311,000.  The child has $184 of taxable investment income, making Line 8 $311,184.  The tax calculated on line 9 is $60,000.  However the parents tax on line 10 is $57,000.  Meaning the child has a tax liability of $3,000.  On the $184 of additional income?  Something is wrong with Line 9 but I can not figure it out!

Thanks again   

BobKamman
Level 15
October 15, 2025

Probably involves the parents' capital gains and qualified dividends income.  Did you check the boxes on Lines 9 and 10?  What happens when you do that?