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on line 13 of Form 1040, line 10 of Form 1040A, or line

2011 Line 5 Worksheet #2

14 of Form 1040NR.

Keep for Your Records

Qualified dividends. Qualified dividends are those

dividends reported on line 9b of Form 1040 or Form

1040A or line 10b of Form 1040NR.

Net capital gain and qualified dividends on line 8. If

Use this worksheet only if line 2 of the child’s Form 8615 is

neither the child, nor the parent, nor any other child has

more than $1,900 and lines 3 and 5 of the child’s Form 8615

net capital gain, the net capital gain on line 8 is zero.

are the same amount.

(The term “other child” means any other child whose

Form 8615 uses the tax return information of the parent

1. Enter the child’s qualified dividends . . . . . . .

identified on Lines A and B of Form 8615.)

2. Enter the child’s net capital gain . . . . . . . . .

If neither the child, nor the parent, nor any other child

has qualified dividends, the amount of qualified dividends

3. Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . .

on line 8 is zero.

4. Divide line 1 by line 3. Enter the result as a

If the child, parent, or any other child has net capital

decimal (rounded to at least three places) . .

gain, figure the amount of net capital gain included on

5. Enter the child’s itemized deductions directly

line 8 by adding together the net capital gain amounts

connected with the production of the child’s

included on lines 5, 6, and 7. If the child, parent, or any

qualified dividends or net capital gain . . . . .

other child has qualified dividends, figure the amount of

qualified dividends included on line 8 by adding together

6. Multiply line 4 by line 5 . . . . . . . . . . . . . . . .

the qualified dividend amounts included on lines 5, 6, and

7. Subtract line 6 from line 5 . . . . . . . . . . . . . .

7. Use the following discussions to find these amounts.

Net capital gain or qualified dividends on line 5. If

8. Subtract line 7 from line 2 . . . . . . . . . . . . . .

the child has a net capital gain or qualified dividends, use

9. Subtract line 6 from line 1 . . . . . . . . . . . . . .

the appropriate Line 5 Worksheet in these instructions to

find the amount included on line 5. These worksheets are

10. Enter the amount from the child’s Form

needed to adjust the child’s net capital gain and qualified

8615, line 1 . . . . . . . . . . . . . . . . . . . . . . . .

dividends by the appropriate allocated amount of the

11. Divide line 1 by line 10. Enter the result as a

child’s deductions.

decimal (rounded to at least three places).

Do not enter more than 1.000 . . . . . . . . . . .

2011 Line 5 Worksheet #1

12. Divide line 2 by line 10. Enter the result as a

Keep for Your Records

decimal (rounded to at least three places).

Do not enter more than 1.000 minus the

amount on line 11 . . . . . . . . . . . . . . . . . . .

Use this worksheet only if line 2 of the child’s Form 8615 is

13. Multiply $950 by line 11 . . . . . . . . . . . . . . .

$1,900 and lines 3 and 5 are the same amount.

14. Multiply $950 by line 12 . . . . . . . . . . . . . . .

1. Enter the child’s qualified dividends . . . . . . .

15. Qualified dividends on Form 8615, line 5.

Subtract line 13 from line 9 (but do not enter

2. Enter the child’s net capital gain . . . . . . . . .

less than zero or more than the amount on

3. Enter the amount from the child’s Form 8615,

Form 8615, line 5) . . . . . . . . . . . . . . . . . . .

line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16. Net capital gain on Form 8615, line 5.

4. Divide line 1 by line 3. Enter the result as a

Subtract line 14 from line 8 (but do not enter

decimal (rounded to at least three places).

less than zero or more than the excess of

Do not enter more than 1.000 . . . . . . . . . . .

Form 8615, line 5, over line 15 of this

worksheet) . . . . . . . . . . . . . . . . . . . . . . . .

5. Divide line 2 by line 3. Enter the result as a

decimal (rounded to at least three places).

Do not enter more than 1.000 . . . . . . . . . . .

6. Multiply $1,900 by line 4 . . . . . . . . . . . . . . .

7. Multiply $1,900 by line 5 . . . . . . . . . . . . . . .

8. Qualified dividends on Form 8615, line 5.

Subtract line 6 of this worksheet from line 1

(but do not enter less than zero or more than

the amount on Form 8615, line 5) . . . . . . . .

9. Net capital gain on Form 8615, line 5.

Subtract line 7 of this worksheet from line 2

(but do not enter less than zero or more than

the excess of Form 8615, line 5, over line 8

of this worksheet) . . . . . . . . . . . . . . . . . . .

-3-

Instructions for Form 8615 (2011)

Instructions For Form 8615 - Tax For Certain Children Who Have Investment Income Of More Than 1,900 - Internal Revenue Service - 2011 Page 3

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