Form 8615 Tax for Certain Children Who Have Investment Income of M

Form

8615

Tax for Certain Children Who Have Investment
Income of More Than $1,900
▶

Department of the Treasury
Internal Revenue Service (99)

Attach only to the child's Form 1040, Form 1040A, or Form 1040NR.
▶ See separate instructions.

OMB No. 1545-0074

2011

Attachment
Sequence No. 33
Child's social security number

Child’s name shown on return

Before you begin: If the child, the parent, or any of the parent’s other children for whom Form 8615 must be filed must use the Schedule
D Tax Worksheet or has income from farming or fishing, see Pub. 929, Tax Rules for Children and Dependents. It
explains how to figure the child’s tax using the Schedule D Tax Worksheet or Schedule J (Form 1040).
A

Parent’s name (first, initial, and last). Caution: See instructions before completing.

C

Parent’s filing status (check one):

Single

Part I
1
2
3
4
5

7
8
9

Married filing separately

Parent’s social security number

Head of household

Qualifying widow(er)

Child’s Net Investment Income
1

Enter the child’s investment income (see instructions) . . . . . . . . . . . . . . .
If the child did not itemize deductions on Schedule A (Form 1040 or Form 1040NR), enter
$1,900. Otherwise, see instructions . . . . . . . . . . . . . . . . . . . . .
Subtract line 2 from line 1. If zero or less, stop; do not complete the rest of this form but do
attach it to the child’s return
. . . . . . . . . . . . . . . . . . . . . . .
Enter the child’s taxable income from Form 1040, line 43; Form 1040A, line 27; or Form 1040NR,
line 41. If the child files Form 2555 or 2555-EZ, see the instructions
. . . . . . . . . .
Enter the smaller of line 3 or line 4. If zero, stop; do not complete the rest of this form but do
attach it to the child’s return
. . . . . . . . . . . . . . . . . . . . . . .

Part II
6

Married filing jointly

B

2
3
4
5

Tentative Tax Based on the Tax Rate of the Parent

Enter the parent’s taxable income from Form 1040, line 43; Form 1040A, line 27; Form 1040EZ,
line 6; Form 1040NR, line 41; or Form 1040NR-EZ, line 14. If zero or less, enter -0-. If the parent
files Form 2555 or 2555-EZ, see the instructions . . . . . . . . . . . . . . . . .
Enter the total, if any, from Forms 8615, line 5, of all other children of the parent named above.
Do not include the amount from line 5 above . . . . . . . . . . . . . . . . . .
Add lines 5, 6, and 7 (see instructions) . . . . . . . . . . . . . . . . . . . .

6
7
8

Enter the tax on the amount on line 8 based on the parent’s filing status above (see instructions).
If the Qualified Dividends and Capital Gain Tax Worksheet, Schedule D Tax Worksheet, or
Schedule J (Form 1040) is used to figure the tax, check here . . . . . . . . . ▶

9

10

Enter the parent’s tax from Form 1040, line 44; Form 1040A, line 28, minus any alternative
minimum tax; Form 1040EZ, line 10; Form 1040NR, line 42; or Form 1040NR-EZ, line 15. Do not
include any tax from Form 4972 or 8814 or any tax from recapture of an education credit. If the
parent files Form 2555 or 2555-EZ, see the instructions. If the Qualified Dividends and Capital
Gain Tax Worksheet, Schedule D Tax Worksheet, or Schedule J (Form 1040) was used to figure
the tax, check here
. . . . . . . . . . . . . . . . . . . . . . ▶
11
Subtract line 10 from line 9 and enter the result. If line 7 is blank, also enter this amount on line
13 and go to Part III . . . . . . . . . . . . . . . . . . . . . . . . . .
12a Add lines 5 and 7 . . . . . . . . . . . . . . . . . .
12a
b Divide line 5 by line 12a. Enter the result as a decimal (rounded to at least three places) . . . .
13
Multiply line 11 by line 12b . . . . . . . . . . . . . . . . . . . . . . . .

Part III

10
11
12b
13

Child’s Tax—If lines 4 and 5 above are the same, enter -0- on line 15 and go to line 16.
14

14

Subtract line 5 from line 4

15

Enter the tax on the amount on line 14 based on the child’s filing status (see instructions). If
the Qualified Dividends and Capital Gain Tax Worksheet, Schedule D Tax Worksheet, or
Schedule J (Form 1040) is used to figure the tax, check here . . . . . . . . . ▶

15

16

Add lines 13 and 15

.

16

17

Enter the tax on the amount on line 4 based on the child’s filing status (see instructions). If
the Qualified Dividends and Capital Gain Tax Worksheet, Schedule D Tax Worksheet, or
Schedule J (Form 1040) is used to figure the tax, check here . . . . . . . . . ▶
Enter the larger of line 16 or line 17 here and on the child’s Form 1040, line 44; Form 1040A,
line 28; or Form 1040NR, line 42. If the child files Form 2555 or 2555-EZ, see the instructions

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For Paperwork Reduction Act Notice, see your tax return instructions.

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Cat. No. 64113U

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Form 8615 (2011)