Tax Computation Menu
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Articles in Tax Computation Menu
Form 8978 - Partner's Additional Reporting Year Tax
The individual partner reports the amount on Form 8978 line 14 in their individual tax return. in Tax Processors Plus Desktop, where this amount is reported depends on whether it is a positive or a negative number.
Form 8814 - Parents' Election to Report Child's Interest and Dividends
Parents may elect to include their child's income from interest, dividends, and capital gains with their tax return as long as the total taxable interest, dividends, and capital gains are less than the gross income limitation for the tax year.
Form 8615 - Kiddie Tax
For children under age 18 and certain older children, unearned income over an annual threshold amount is taxed at the parent's rate if the parent's rate is higher than the child's.
Tax Computation Menu
For information about the Tax Computation menu in Tax Processors Plus Desktop, click the appropriate year below.