EFTA01222817.pdf

Tax for Certain Children Who Form8615 Have Unearned Income OMB No. 1545-0074 2017 Department of the Treasury ► Attach only to the child's Form 1040. Form 1040A. or Form 1040NR. Attachment Intermit Revenue Service (99) ► Go to www.irs.gov/Form8615 for instructions and the latest information. Sequence No. 33 Chid's name shown on return Child's social security number 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 Pat's name (first. initial. and last). Caution: See instructions before completing. B Parent's social security number C Parent's filing status (check one): ❑ Single ❑ Married filing jointly ❑ Married filing separately ❑ Head of household ❑ Qualifying widow(er) Child's Net Unearned Income 1 Enter the child's unearned income (see instructions) 1 2 If the child did not itemize deductions on Schedule A (Form 1040 or Form 1040NR), enter $2,100. Otherwise, see instructions 2 3 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 3 4 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 4 5 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 5 Part II Tentative Tax Based on the Tax Rate of the Parent 6 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 6 7 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 7 8 Add lines 5, 6, and 7 (see instructions) 8 9 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, 8814, or 8885 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 ► ❑ 10 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 Ill 12a Add lines 5 and 7 . I12al b Divide line 5 by line 12a. Enter the result as a decimal (rounded to at least three places) . . . . 12b 13 Multiply line 11 by line 12b 13 Part III Child's Tax—If lines 4 and 5 above are the same, enter -0- on line 15 and go to line 16. 14 Subtract line 5 from line 4 14 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 0 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 ► ❑ 17 18 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-El see the instructions . . 18 For Paperwork Reduction Act Notice, see your tax retum Instructions. Form 8615 pom EFTA01222817