Form 8814 - Parents' Election To Report Child'S Interest And Dividends - 2012 Page 4
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Form 8814 (2012)
Page
Note. If line 1b includes tax-exempt interest or exempt-interest
If you file Schedule B, include this amount on line 5, and identify it
as from “Form 8814.” Complete Schedule B as instructed. Also
dividends paid by a regulated investment company from private
activity bonds, see Alternative minimum tax, earlier.
include this amount on Form 1040, line 9b, or Form 1040NR, line
10b.
Line 2a. Enter the ordinary dividends your child received in 2012.
You must file Schedule B if this amount plus the parents’
Ordinary dividends should be shown in box 1a of Form 1099-DIV.
dividends is more than $1,500.
Also include ordinary dividends your child received through a
partnership, an S corporation, or an estate or trust.
Line 10. Include this amount on Schedule D (Form 1040), line 13;
If your child received, as a nominee, ordinary dividends that
Form 1040, line 13; or Form 1040NR, line 14. Enter “Form 8814”
and this amount on the dotted line next to line 13 of Schedule D or
actually belong to another person, enter the amount and “ND” on
in the space to the left of line 13 of Form 1040 or line 14 of Form
the dotted line next to line 2a. Do not include amounts received as a
nominee in the total for line 2a.
1040NR.
Line 2b. Enter all qualified dividends your child received in 2012.
If any of the child’s capital gain distributions were reported on
Form 1099-DIV as unrecaptured section 1250 gain, section 1202
Qualified dividends are the ordinary dividends that are eligible for
the same lower tax rate as a net capital gain. Qualified dividends
gain, or collectibles (28%) gain, see Pub. 929 for details on the
should be shown in box 1b of Form 1099-DIV.
amount to report on Schedule D.
Line 3. Enter the capital gain distributions your child received in
Line 12. If you checked the box on line C, add the amounts from
line 12 of all your Forms 8814. Include the result on Form 1040, line
2012. Capital gain distributions should be shown in box 2a of Form
1099-DIV.
21, or Form 1040NR, line 21, whichever applies. Enter “Form 8814”
and the total of the line 12 amounts on the dotted line next to
If your child received, as a nominee, capital gain distributions that
line 21.
actually belong to another person, enter the amount and “ND” on
Line 15. If you checked the box on line C, add the amounts from
the dotted line next to line 3. Do not include amounts received as a
nominee in the total for line 3.
line 15 of all your Forms 8814. Include the total on Form 1040, line
44, or Form 1040NR, line 42. Be sure to check box a on that line.
Line 9. Include this amount on Form 1040, lines 9a and 9b, or Form
1040NR, lines 10a and 10b. Enter “Form 8814” and this amount
on the dotted line next to those lines unless you file Schedule B
(Form 1040).
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