Form 8814 Draft - Parents' Election To Report Child'S Interest And Dividends - 2011 Page 4
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8814 (Rev. 11-2011)
Page
(OID) is less than the amount shown on your child’s Form
amount and “ND” on the dotted line next to line 3. Do not
1099-OID, enter the nontaxable amount on the dotted line next
include amounts received as a nominee in the total for line 3.
to line 1a and “Accrued interest,” “ABP adjustment,” or “OID
Line 9. Include this amount on Form 1040, lines 9a and 9b, or
adjustment,” whichever applies. Do not include any nontaxable
Form 1040NR, lines 10a and 10b. Enter “Form 8814” and this
amounts in the total for line 1a.
amount on the dotted line next to those lines unless you file
Line 1b. If your child received any tax-exempt interest
Schedule B (Form 1040).
income, such as from certain state and municipal bonds, report
If you file Schedule B (Form 1040), include this amount on
it on line 1b. Tax-exempt interest, including any
line 5, and identify it as from “Form 8814.” Also include this
exempt-interest dividends your child received as a shareholder
amount on Form 1040, line 9b, or Form 1040NR, line 10b.
in a mutual fund or other regulated investment company,
You must file Schedule B (Form 1040) if this amount plus
should be shown in box 8 of Form 1099-INT.
the parents’ dividends is more than $1,500.
Note. If line 1b includes tax-exempt interest or
Line 10. Include this amount on Schedule D (Form 1040), line
exempt-interest dividends paid by a regulated investment
13; Form 1040, line 13; or Form 1040NR, line 14. Enter “Form
company from private activity bonds, see Alternative minimum
8814” and this amount on the dotted line next to line 13 of
tax on page 3.
Schedule D (Form 1040) or in the space to the left of line 13 of
Line 2a. Enter the ordinary dividends your child received in
Form 1040 or line 14 of Form 1040NR.
2011. Ordinary dividends should be shown in box 1a of Form
If any of the child’s capital gain distributions were reported
1099-DIV. Also include ordinary dividends your child received
on Form 1099-DIV as unrecaptured section 1250 gain, section
through a partnership, an S corporation, or an estate or trust.
1202 gain, or collectibles (28%) gain, see Pub. 929 for details
If your child received, as a nominee, ordinary dividends that
on the amount to report on Schedule D (Form 1040).
actually belong to another person, enter the amount and
Line 12. If you checked the box on line C, add the amounts
“ND”on the dotted line next to line 2a. Do not include amounts
from line 12 of all your Forms 8814. Include the result on Form
received as a nominee in the total for line 2a.
1040, line 21, or Form 1040NR, line 21, whichever applies.
Line 2b. Enter all qualified dividends your child received in
Enter “Form 8814” and the total of the line 12 amounts on the
2011. Qualified dividends are the ordinary dividends that are
dotted line next to line 21.
eligible for the same lower tax rate as a net capital gain.
Line 15. If you checked the box on line C, add the amounts
Qualified dividends should be shown in box 1b of Form
from line 15 of all your Forms 8814. Include the total on Form
1099-DIV.
1040, line 44, or Form 1040NR, line 42. Be sure to check box a
Line 3. Enter the capital gain distributions your child received
on that line.
in 2011. Capital gain distributions should be shown in box 2a of
Form 1099-DIV.
If your child received, as a nominee, capital gain
distributions that actually belong to another person, enter the
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