OMB No. 1545-1128
Parents’ Election To Report
Child’s Interest and Dividends
See instructions below and on back.
Department of the Treasury
Attach to parents’ Form 1040 or Form 1040NR.
Internal Revenue Service
Name(s) shown on your return
Your social security number
Caution: The Federal income tax on your child’s income, including capital gain distributions, may be less if you file a separate tax
return for the child instead of making this election. This is because you cannot take certain tax benefits that your child could take
on his or her own retur n. For details, see Tax Benefits You May Not Take on the back.
Child’s name (first, initial, and last)
Child’s social security number
If more than one Form 8814 is attached, check here
Child’s Interest and Dividends To Report on Your Return
Enter your child’s taxable interest. If this amount is different from the amounts shown on the
child’s Forms 1099-INT and 1099-OID, see the instructions
b Enter your child’s tax-exempt interest. Do not include this
amount on line 1a
Enter your child’s ordinary dividends, including any Alaska Permanent Fund dividends. If your
child received any ordinary dividends as a nominee, see the instructions
Enter your child’s capital gain distributions. If your child received any capital gain distributions
as a nominee, see the instructions
Add lines 1a, 2, and 3. If the total is $1,400 or less, skip lines 5 and 6 and go to line 7. If the
total is $7,000 or more, do not file this form. Your child must file his or her own return to report
Subtract line 5 from line 4. If you checked the box on line C above or if you entered an amount
on line 3, see the instructions. Also, include this amount in the total on Form 1040, line 21, or
Form 1040NR, line 21. In the space next to line 21, enter “Form 8814” and show the amount.
Go to line 7 below
Tax on the First $1,400 of Child’s Interest and Dividends
Amount not taxed
Subtract line 7 from line 4. If the result is zero or less, enter -0-
Tax. Is the amount on line 8 less than $700?
No. Enter $105 here and see the Note below.
Yes. Multiply line 8 by 15% (.15). Enter the result here and see the Note below.
Note: If you checked the box on line C above, see the instructions. Otherwise, include the amount from line 9 in the tax you enter
on For m 1040, line 40, or For m 1040NR, line 39. Be sure to check box a on Form 1040, line 40, or Form 1040NR, line 39.
● Had no Federal income tax withheld
returns for 2000 and you had the higher
from his or her income.
taxable income. If you do not know if you
Purpose of Form. Use this form if you
had the higher taxable income, see Pub.
You must also qualify. See Parents Who
elect to report your child’s income on your
929, Tax Rules for Children and
Qualify To Make the Election below.
return. If you do, your child will not have to
How To Make the Election. To make the
file a return. You can make this election if
● You were unmarried, treated as
election, complete and attach Form(s) 8814
your child meets all of the following
unmarried for Federal income tax
to your tax return and file your return by
purposes, or separated from the child’s
the due date (including extensions). A
● Was under age 14 on January 1, 2001.
other parent by a divorce or separate
separate Form 8814 must be filed for each
● Is required to file a 2000 return.
maintenance decree. You must have had
child whose income you choose to report.
custody of your child for most of the year
● Had income only from interest and
Parents Who Qualify To Make the
(you were the custodial parent). If you were
dividends, including Alaska Permanent
Election. You qualify to make this election
the custodial parent and you remarried,
if you file Form 1040 or Form 1040NR and
you may make the election on a joint
● Had gross income for 2000 that was less
any of the following apply.
return with your new spouse. But if you
● You are filing a joint return for 2000 with
and your new spouse do not file a joint
● Had no estimated tax payments for 2000
the child’s other parent.
return, you qualify to make the election
● You and the child’s other parent were
(including any overpayment of tax from his
only if you had higher taxable income than
or her 1999 return applied to 2000
your new spouse.
married to each other but file separate
For Paperwork Reduction Act Notice, see back of form.
Cat. No. 10750J