Child’s Income Excluded from Parent’s Return (code 56)
If you are a parent who reported a child’s interest and dividends on your federal return, you must add any child’s income excluded from your income to your Utah return.
Use the following worksheet to calculate the addback:
|1.||Enter the lesser of federal form 8814, line 4 or line 5||$|
|2.||Federal amount not taxed.||$ 1,100|
|3.||Subtract line 2 from line 1. If less than zero, enter “0.” This is the addition to Utah income.||$|
If you reported income for more than one child, complete the calculation above separately for each child using their respective federal form 8814. Total the amounts from line 3 above for each child and enter the amount on TC-40A, Part 1, using code 56.