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I just found out I needed to claim my kids Alaska dividen on…

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I just found out...

I just found out I needed to claim my kids Alaska dividen on a 8814 so trying to figure out how to fill it out

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I was just got audited and the reason was because I didn't claim my kids Alaska dividend under them. I claimed it just didn't do it the right way. All I was told is I need to fill out the 8814 I just have no idea how to fill it out

Submitted: 7 months ago.Category: Tax
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9/29/2017
Tax Professional: taxmanrog, Certified Public Accountant (CPA) replied 7 months ago
taxmanrog
taxmanrog, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 1,077
Experience: Licensed CPA, MA, MST with 31 years' experience. Teach Accounting and Tax courses at Masters level.
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Tax Professional: taxmanrog, Certified Public Accountant (CPA) replied 7 months ago

You said that you already reported the income on your return, but you did not complete the Form 8814. Did you report the income on Sch B? You need to file an amended return, and remove that income from the Sch B. Complete the Form 8814 and report the Alaska dividends on Line 2a & 2b.

IF you give me the numbers from the 1099-DIV, I can complete most of the form for you.

Thanks!

Roger

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