Form 8615 - Instructions (2015) Page 5
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82015 Line 5 Worksheet #2
Keep for Your Records
Use this worksheet only if line 2 of the child's Form 8615 is more than $2,100 and lines 3 and 5 of the child's Form 8615 are the
same amount.
1.
Enter the child's qualified dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.
2.
Enter the child's net capital gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.
3.
Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
4.
Divide line 1 by line 3. Enter the result as a decimal (rounded to at least three places) . . . . . .
4.
5.
Enter the child's itemized deductions directly connected with the production of the child's
qualified dividends or net capital gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
6.
Multiply line 4 by line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6.
7.
Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
8.
Subtract line 7 from line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8.
9.
Subtract line 6 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9.
10.
Enter the amount from the child's Form 8615, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10.
11.
Divide line 1 by line 10. Enter the result as a decimal (rounded to at least three places). Do
not enter more than 1.000
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11.
12.
Divide line 2 by line 10. Enter the result as a decimal (rounded to at least three places). Do
not enter more than 1.000 minus the amount on line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12.
13.
Multiply $1,050 by line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13.
14.
Multiply $1,050 by line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14.
15.
Qualified dividends on Form 8615, line 5. Subtract line 13 from line 9 (but do not enter
less than zero or more than the amount on Form 8615, line 5) . . . . . . . . . . . . . . . . . . . . . . . . . .
15.
16.
Net capital gain on Form 8615, line 5. Subtract line 14 from line 8 (but do not enter less
than zero or more than the excess of Form 8615, line 5, over line 15 of this worksheet) . . . . .
16.
-5-
Instructions for Form 8615 (2015)
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