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 qualified dividends and capital gain distributions, may be less
if you file a separate tax retur n 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 $1,500 or less, skip lines 5 and 6 and go to line 7. If the
total is $7,500 or more, do not file this form. Your child must file his or her own return to report
Subtract line 5 from line 4. See the instructions for where to report this amount. Go to line 7
Tax on the First $1,500 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 $750?
No. Enter $75 here and see the Note below.
Yes. Multiply line 8 by 10% (.10). 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 41, or For m 1040NR, line 39. Be sure to check box a on Form 1040, line 41, or Form 1040NR, line 39.
● There were no estimated tax payments
● You and the child’s other parent were
for the child for 2003 (including any
married to each other but file separate
Purpose of Form. Use this form if you
overpayment of tax from his or her 2002
returns for 2003 and you had the higher
elect to report your child’s income on your
return applied to 2003 estimated tax).
return. If you do, your child will not have to
● There was no Federal income tax
● You were unmarried, treated as
file a return. You can make this election if
withheld from the child’s income.
unmarried for Federal income tax
your child meets all of the following
purposes, or separated from the child’s
You must also qualify. See Parents Who
other parent by a divorce or separate
Qualify To Make the Election below.
● The child was under age 14 at the end
maintenance decree. You must have had
How To Make the Election. To make the
of 2003. A child born on January 1, 1990,
custody of your child for most of the year
election, complete and attach Form(s) 8814
is considered to be age 14 at the end of
(you were the custodial parent). If you were
to your tax return and file your return by
the custodial parent and you remarried,
the due date (including extensions). A
● The child’s only income was from
you may make the election on a joint
separate Form 8814 must be filed for each
return with your new spouse. But if you
interest and dividends, including capital
child whose income you choose to report.
and your new spouse do not file a joint
gain distributions and Alaska Permanent
Parents Who Qualify To Make the
return, you qualify to make the election
Election. You qualify to make this election
only if you had higher taxable income than
● The child’s gross income for 2003 was
if you file Form 1040 or Form 1040NR and
your new spouse.
less than $7,500.
any of the following apply.
● The child is required to file a 2003
● You are filing a joint return for 2003 with
the child’s other parent.
For Paperwork Reduction Act Notice, see back of form.
Cat. No. 10750J