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Turbotax is asking me to fill out a form 8615 for unearned income, but I do not have any unearned income. How can I tell Turbotax that I do not have any unearned income?

Forum|Forum|3 years ago
February 24, 2023
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I've checked my information multiple times and I don't see anywhere that indicates unearned income in my records or in Turbotax's menus until I reach the review section. For some reason, I am then asked to fill out my parent's information for over $5,000 of unearned income, which I do not have and have never claimed to have. What can I do to fix this?

TurboTax Free Edition Online

Best answer by DawnC

Did you enter any of the following items into TurboTax? These won't be titled ''unearned income'' but are:

Interest, dividend, or investment income - any 1099-Ks?
Retirement or Social Security income
Any 1098-T? w/ scholarship amounts
Alimony or child support
Unemployment or workers' comp
Gifts, prizes, awards, or winnings - any other income
Inheritances
Income received while incarcerated, even if it involves active work
Rental income (for a rental property in which you do not provide substantial services primarily for your tenant's

The unearned income is usually from investments but it happens a lot with scholarship/grant money too. Preview your tax return and see what lines you show income on.

DawnCAnswer

Employee

Did you enter any of the following items into TurboTax? These won't be titled ''unearned income'' but are:

Interest, dividend, or investment income - any 1099-Ks?
Retirement or Social Security income
Any 1098-T? w/ scholarship amounts
Alimony or child support
Unemployment or workers' comp
Gifts, prizes, awards, or winnings - any other income
Inheritances
Income received while incarcerated, even if it involves active work
Rental income (for a rental property in which you do not provide substantial services primarily for your tenant's

The unearned income is usually from investments but it happens a lot with scholarship/grant money too. Preview your tax return and see what lines you show income on.

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A

alderaan420Author

Thank you for getting back so soon, and I think you're right. After checking my 1098-T, I realized I entered a portion of my tuition expenses incorrectly, and the amount received through aid exceeded the amount I had reported was spent. I adjusted to the correct values listed on my documents, and there is no longer any unearned income being wrongfully reported.

Again, thank you so much for the help!