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ProSeries Frequently Asked Questions

Form 8615 May Not Automatically Calculate for Qualified Children Age 14, 15, 16, or 17

Products Affected:

• ProSeries/1040
• ProSeries Express/1040
• ProSeries Basic/1040

Situation

Form 8615, Tax for Children Under Age 18 With Investment Income of More Than $1,700, may not automatically calculate for qualified children age 14, 15, 16, or 17 unless the form is manually opened.

Solution

This situation will be corrected in the Federal 1040 update that we anticipate will be available online on March 19, 2007.

Download and install this update when it becomes available. (Go to the Update menu and select Update Installed Products.)

Workaround (prior to update)

Manually open Form 8615 and it should now calculate.

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