Charley in Ohio Posted February 14, 2009 Report Share Posted February 14, 2009 I have a client that is a full-time college student and has a capital loss carryforward from prior years (the only investment income) and some earned income. The carryforward is more than the amount to offset ordinary income ($3,000) and will have some add'l carryforward to 2009. When running the return check, ATX gave me a warning about the kiddie tax applying if there is more than $1,800 of income. When reading the instructions to the Kiddie Tax form (8615), there is no mention about a capital losses (only income). Therefore, I don't think the kiddie tax will apply. Anyone else run into this situation? Thanks. Charley Quote Link to comment Share on other sites More sharing options...
TAXBILLY Posted February 14, 2009 Report Share Posted February 14, 2009 You are correct. taxbilly Quote Link to comment Share on other sites More sharing options...
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