Instructions For Form 8615 - 2011 (Page 6 of 6) in pdf

Enter the amount from line 19 of the Qualified

2. On line 2, enter the amount of the qualified

Dividends and Capital Gain Tax Worksheet (or line 16 of

dividends included on Form 8615, line 14. (See Net

the worksheet in the Form 1040A instructions or line 17

capital gain and qualified dividends on line 14 above.)

in the Form 1040NR instructions) on Form 8615, line 9,

3. On line 3, enter the amount of the net capital gain

and check the box on that line. Do not attach this

included on Form 8615, line 14. (See Net capital gain

worksheet to the child’s return.

and qualified dividends on line 14 earlier.)

4. Complete line 4 following the worksheet

Line 10

instructions.

5. If you are completing the worksheet in the Form

If the parent filed a joint return, enter the tax shown on

1040 instructions, leave line 5 blank.

that return even if the parent’s spouse is not the child’s

6. Complete lines 6 through 19 (lines 5 through 16 of

parent.

the worksheet in the Form 1040A instructions or lines 6

If the Foreign Earned Income Tax Worksheet (in the

through 17 in the Form 1040NR instructions) following

Form 1040 instructions) was used to figure the parent’s

the worksheet instructions. Use the child’s filing status to

tax, enter the amount from line 4 of that worksheet,

complete lines 8, 16, and 18 of the worksheet for Form

instead of the parent’s tax from Form 1040, line 44.

1040 (lines 6, 13, and 15 of the worksheet for Form

1040A or lines 6, 16, and 18 for Form 1040NR).

Line 15

Figure the tax using the Tax Table, Tax Computation

Enter the amount from line 19 of this Qualified

Worksheet, Qualified Dividends and Capital Gain Tax

Dividends and Capital Gain Tax Worksheet (line 16 of the

Worksheet, Schedule D Tax Worksheet, or Schedule J

worksheet in the Form 1040A instructions or line 17 in

the Form 1040NR instructions) on line 15 of Form 8615

(Form 1040), whichever applies. If line 14 includes any

net capital gain or qualified dividends (see below), use

and check the box on that line. Do not attach this

the Qualified Dividends and Capital Gain Tax Worksheet

worksheet to the child’s return.

to figure this tax. However, if the child has to file

Using Schedule J (Form 1040) for line 15 tax. If line

Schedule D (Form 1040) and line 18 or line 19 of the

14 includes any farming or fishing income (including

child’s Schedule D (Form 1040) is more than zero, use

certain amounts received in connection with the Exxon

the Schedule D Tax Worksheet to figure this tax instead.

Valdez litigation), the tax may be less if you use

See Pub. 929 for details on how to figure the line 15 tax

Schedule J (Form 1040). See Pub. 929 for details on how

using the Schedule D Tax Worksheet.

to figure the line 15 tax using Schedule J (Form 1040).

Before using the Qualified Dividends and Capital Gain

Line 17

Tax Worksheet to figure the line 15 tax, you will need to

know the amount of net capital gain and qualified

Figure the tax using the Tax Table, Tax Computation

dividends, if any, included on line 14.

Worksheet, Qualified Dividends and Capital Gain Tax

Net capital gain and qualified dividends on line 14. If

Worksheet, Schedule D Tax Worksheet, or Schedule J

the child does not have any net capital gain or qualified

(Form 1040), whichever applies. If line 4 includes any

dividends, line 14 does not include any net capital gain or

qualified dividends or net capital gain, use the Qualified

qualified dividends.

Dividends and Capital Gain Tax Worksheet to figure the

tax unless the Schedule D Tax Worksheet has to be used

If the child has net capital gain, the amount of net

instead. If any farming or fishing income (including

capital gain included on line 14 is the amount from line 2

certain amounts received in connection with the Exxon

of the child’s completed Line 5 Worksheet minus the

Valdez litigation) is included on line 4, the tax may be

amount from the last line of that worksheet.

less if you use Schedule J (Form 1040).

If the child has qualified dividends, the amount of

Child files Form 2555 or 2555-EZ. If line 4 includes

qualified dividends included on line 14 is the amount from

any qualified dividends or net capital gain and the child

line 1 of the child’s completed Line 5 Worksheet minus

files Form 2555 or 2555-EZ, see Pub. 929 for instructions

the amount from the next to the last line of that

on how to figure the line 17 tax.

worksheet.

Child files Form 2555 or 2555-EZ. If line 14 includes

Line 18

any net capital gain or qualified dividends and the child

If the child files Form 2555 or 2555-EZ, do not enter the

files Form 2555 or 2555-EZ, see Pub. 929 for instructions

amount from Form 8615, line 18, on the child’s Form

on how to figure the line 15 tax.

1040, line 44. Instead, enter the amount from Form 8615,

Using the Qualified Dividends and Capital Gain Tax

line 18, on line 4 of the child’s Foreign Earned Income

Worksheet for line 15 tax. If you use the Qualified

Tax Worksheet (in the Form 1040 instructions). Then

Dividends and Capital Gain Tax Worksheet to figure the

complete the rest of the Foreign Earned Income Tax

line 15 tax, complete that worksheet as follows.

Worksheet to figure the child’s tax.

1. On line 1, enter the amount from Form 8615, line

14.

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Instructions for Form 8615 (2011)

Instructions For Form 8615 - 2011 Page 6

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