Knowledge Base

12116: 1040 - Form 8814

1040 Individual

How do I generate Form 8814? Why is Form 8814 not produced?

Complete screen 8814 in Drake Tax to generate Form 8814. The results are carried to Form 1040, Schedule 1, line 8z and the calculated additional tax amount is carried to Form 1040, line 16. See the Tax Computation worksheet for a breakdown of the total tax.

Drake Tax does not produce Form 8814 if the child’s income equals or exceeds the threshold amount for the tax year:

  • 2023: $12,500 
  • 2019-2022: $11,000
  • 2015-2018: $10,500

The qualifications to use Form 8814 are described in the IRS instructions with the form:

"Use this form if you elect to report your child’s income on your return. If you do, your child will not have to file a return. You can make this election if your child meets all of the following conditions.

  • The child was under age 19 (or under age 24 if a full-time student) at the end of 20YY. “Student” is defined below [in the instructions].
  • The child’s only income was from interest and dividends, including capital gain distributions and Alaska Permanent Fund dividends.
  • The child’s gross income for 20YY was less than $12,500.
  • The child is required to file a 20YY return.
  • The child does not file a joint return for 20YY.
  • There were no estimated tax payments for the child for 20YY (including any overpayment of tax from his or her 20XX return applied to 20YY estimated tax).
  • There was no federal income tax withheld from the child’s income.

You must also qualify. See Parents who qualify to make the election section in the Form 8814 Instructions.

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