California Form 3803 - Parents' Election To Report Child'S Interest And Dividends - 2013 Page 2

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Registered Domestic Partners (R D P)
Name and Social Security Number (S S N) or Individual Taxpayer
For purposes of California income tax, references to a spouse, husband,
Identification Number (I T I N). Enter your name as shown on your tax
or wife also refer to a California R D P, unless otherwise specified .
return . If filing a joint return, include your spouse’s/R D P’s name but enter
When we use the initials R D P they refer to both a California registered
the SSN or I T I N of the person whose name is shown first on the return .
domestic “partner” and a California registered domestic “partnership,”
For more information about interest, dividends, and capital gain
as applicable . For more information on R D Ps, get FTB Pub . 7 37, Tax
distributions taxable by California, get the instructions for Schedule C A
Information for Registered Domestic Partners .
(5 40), California Adjustments — Residents, or Schedule C A (5 40N R),
A Purpose
California Adjustments — Nonresidents or Part-Year Residents .
Part I Child’s Interest and Dividend Income to
Parents may elect to report their child’s income on their California income
tax return by completing form FTB 3803, Parents’ Election to Report Child’s
Report on Your Return
Interest and Dividends . If you make this election, the child will not have to
file a return . You may report your child’s income on your California income
Line 1a
tax return even if you do not do so on your federal income tax return . You
Enter all interest income taxable by California and received by your child
may make this election if your child meets all of the following conditions:
in 2013 . If, as a nominee, your child received interest that actually belongs
to another person, write the amount and the initials “N D” (for “nominee
• Was under age 19 or a student under age 24 at the end of 2013 . A child
distribution”) on the dotted line to the left of line 1a . Do not include amounts
born on January 1, 1995, is considered to be age 19 at the end of 2013 .
received by your child as a nominee in the total entered on line 1a .
A child born on January 1, 1990, is considered to be age 24 at the end of
2013 .
If your child received Form 10 99-I N T, Interest Income, showing California
• Is required to file a 2013 income tax return .
tax-exempt interest or Form 10 99-O I D, Original Issue Discount, get the
• Had income only from interest and dividends .
instructions for federal Form 8814 .
• Had gross income for 2013 that was less than $10,000 .
Line 1b
• Made no estimated tax payments for 2013 .
If your child received any interest income exempt from California tax, such
• Did not have any overpayment of tax shown on his or her 2012 return
as interest on United States savings bonds or California municipal bonds,
applied to the 2013 estimated taxes .
enter the total tax-exempt interest on line 1b . Also include any exempt-
• Had no state income tax withheld from his or her income (backup
interest dividends your child received as a shareholder in a mutual fund
withholding) .
or other regulated investment company . Do not include this interest on
As a parent, you must also qualify as explained in Section B .
line 1a . Get the instructions for Schedule CA (5 40 or 5 40N R), line 8, for
more information .
B Parents Who Qualify to Make the Election
Line 2
You qualify to make this election if you file Form 5 40, California Resident
Enter ordinary dividends received by your child in 2013 . Ordinary
Income Tax Return, or Long Form 5 40N R, California Nonresident or Part-
dividends should be shown on Form 10 99-D I V, Dividends and
Year Resident Income Tax Return, and if any of the following applies to you:
Distributions, box 1 . Also, include ordinary dividends your child received
• You and the child’s other parent were married to each other or in a
through a partnership, an S corporation, an estate, or trust .
registered domestic partnership and you file a joint return for 2013 .
If your child received, as a nominee, ordinary dividends that actually
• You and the child’s other parent were married to each other or in a
belong to another person, enter the amount and the initials “N D” on the
registered domestic partnership but you file separate returns for 2013
dotted line to the left of line 2 . Do not include amounts received as a
AND you had the higher taxable income . If you do not know if you had
nominee in the total for line 2 .
the higher taxable income, get federal Publication 9 29, Tax Rules for
Line 3
Children and Dependents .
Enter the capital gain distributions taxable by California and received by your
• You were unmarried, treated as unmarried for state income tax purposes,
child in 2013 . Capital gain distributions should be shown on Form 10 99-D I V,
or separated from the child’s other parent by a divorce, separate
box 2a . Also, see the instructions for line 6 . If your child received, as a
maintenance decree, or termination of a domestic partnership and you had
nominee, capital gain distributions that actually belong to another person,
custody of your child for most of the year (you were the custodial parent) .
enter the amount and the initials “N D” on the dotted line to the left of line 3 .
If you were the custodial parent and you remarried or entered into another
Do not include amounts received as a nominee in the total for line 3 .
registered domestic partnership, you may make the election on a joint
return with your new spouse/R D P (your child’s stepparent) . But if you and
Line 6
your new spouse/R D P do not file a joint return, you qualify to make the
If the total amount on line 6 of all form(s) FTB 3803 is less than the total
election only if you had higher taxable income than your new spouse/R D P .
amount on line 6 of all your federal Form(s) 88 14, enter the difference on
Schedule CA (5 40 or 5 40N R), line 21f, column B and write “FTB 3803” on
If you and the child’s other parent were not married or in a registered
line 21f .
domestic partnership but you lived together during the year with the child,
you qualify to make the election only if you are the parent with the higher
If the total amount on line 6 of all form(s) FTB 3803 is more than the total
taxable income .
amount on line 6 of all your federal Form(s) 8814, enter the difference on
Schedule CA (5 40 or 5 40N R), line 21f, column C and write “FTB 3803” on
If you elect to report your child’s income on your return, you may not
line 21f .
reduce that income by any deductions that your child would be entitled to
claim on his or her own return, such as the penalty on early withdrawal
If you did not file federal Form 8814, enter the amount from form
of child’s savings or any itemized deductions . For more information, get
FTB 3803, line 6, on Schedule CA (540 or 540NR), line 21f, column C and
the instructions for federal Form 8814, Parents’ Election to Report Child’s
write “FTB 3803” on line 21f .
Interest and Dividends .
If your child received capital gain distributions (shown on Form 10 99-D I V,
C How to Make the Election
box 2a and box 2b) and you have other gains or losses to report on your
Schedule D, California Capital Gain or Loss Adjustment, you must report
To make the election, complete and attach form FTB 3803 to your
part or all of your child’s capital gain distributions on your Schedule D
Form 5 40 or Long Form 5 40N R and file your return by the due date
instead of on form FTB 3803, line 6 . Get federal Publication 9 29 for more
(including extensions) .
information on how to figure the amount to report on your Schedule D .
File a separate form FTB 3803 for each child whose income you choose to
Part II Tax on the First $2,000 of Child’s Interest
report .
and Dividend Income
Specific Line Instructions
Line 9
Use Part I to figure the amount of the child’s income to report on your return .
Add the amount of tax from each form FTB 3803, line 9 to any tax you
Use Part II to figure any additional tax that must be added to your tax .
enter on Form 5 40 or Long Form 5 40N R, line 31 and check the box labeled
“FTB 3803 . ”
Page 2 FTB 3803 2013

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