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March 1, 2021
Question

While completing my child's 8615 (Tax for Certain Children who have unearned income) what do I enter for capital gains if I didn't need to complete schedule D?

  • March 1, 2021
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March 2, 2021

 

Net capital gain is the smaller of the gain, if any, on Schedule D (Form 1040), line 15, or the gain, if any, on Schedule D, line 16. If Schedule D isn’t required, it is the amount on Form 1040 or 1040-NR, line 7. Instructions for Form 8615 (2020)

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