Form 8615 - Instructions (2015) (Page 3 of 8) in pdf

8615 uses the tax return information of the parent

$2,100, or

identified on Lines A and B of Form 8615.)

$1,050 plus the portion of the amount on Schedule A

(Form 1040), line 29 (or Form 1040NR, Schedule A,

If neither the child, nor the parent, nor any other child

line 15), that is directly connected with the production of

has qualified dividends, the amount of qualified dividends

the unearned income on Form 8615, line 1.

on line 8 is zero.

Line 4

If the child, parent, or any other child has net capital

gain, figure the amount of net capital gain included on

If the child files Form 2555 or 2555-EZ (relating to foreign

line 8 by adding together the net capital gain amounts

earned income), enter the amount from line 3 of the child's

included on lines 5, 6, and 7.

Foreign Earned Income Tax Worksheet (in the Form 1040

If the child, parent, or any other child has qualified

instructions), instead of the child's taxable income.

dividends, figure the amount of qualified dividends

Line 6

included on line 8 by adding together the qualified

dividend amounts included on lines 5, 6, and 7. Use the

If the parent filed a joint return, enter the taxable income

following discussions to find these amounts.

shown on that return even if the parent's spouse is not the

Net capital gain or qualified dividends on line 5. If

child's parent.

the child has a net capital gain or qualified dividends, use

If the Foreign Earned Income Tax Worksheet (in the

the appropriate Line 5 Worksheet in these instructions to

Form 1040 instructions) was used to figure the parent's

find the amount included on line 5. These worksheets are

tax, enter the amount from line 3 of that worksheet,

needed to adjust the child's net capital gain and qualified

instead of the parent's taxable income.

dividends by the appropriate allocated amount of the

Line 8

child's deductions.

Net capital gain or qualified dividends on line 6. If

Enter on this line the total of lines 5, 6, and 7. You must

the parent has a net capital gain, its full amount is the net

determine the amount of net capital gain and qualified

capital gain included on line 6. If the parent has qualified

dividends included on this line before completing line 9.

dividends, the full amount is the amount of qualified

Net capital gain. Net capital gain is the smaller of the

dividends included on line 6.

gain, if any, on Schedule D (Form 1040), line 15, or the

Net capital gain or qualified dividends on line 7.

gain, if any, on Schedule D, line 16. If Schedule D is not

The net capital gain included on line 7 is the total of the

required, it is the amount on Form 1040, line 13; Form

amounts of net capital gain included on line 5 of the other

1040A, line 10; or Form 1040NR, line 14.

children's Forms 8615. The qualified dividends included

Qualified dividends. Qualified dividends are those

on line 7 is the total of the amounts of qualified dividends

dividends reported on line 9b of Form 1040 or Form

included on line 5 of the other children's Forms 8615. Find

1040A or line 10b of Form 1040NR.

these amounts for each other child as explained under

Net capital gain and qualified dividends on line 8. If

Net capital gain or qualified dividends on line 5 discussed

neither the child, nor the parent, nor any other child has

earlier. (Do not attach the other children's Forms 8615 to

net capital gain, the net capital gain on line 8 is zero. (The

this child's return.)

term “other child” means any other child whose Form

-3-

Instructions for Form 8615 (2015)

Form 8615 - Instructions (2015) Page 3

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