Form 8615 - Instructions (2015) Page 6
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82015 Line 5 Worksheet #3
Keep for Your Records
Use this worksheet only if the child's Form 8615, line 5, is less than line 3.
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.
If the child itemized deductions, enter the child's itemized deductions directly connected
with the production of the income on line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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.
If the child can claim his or her own exemption, enter $4,000*. Otherwise, enter -0- . . . . . . .
10.
11.
If the child itemized deductions, enter the child's itemized deductions not directly connected
with the production of the income shown on line 3 of this worksheet. Otherwise, enter the
child's standard deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11.
12.
Add lines 10 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12.
13.
Enter the child's adjusted gross income (Form 1040, line 38; Form 1040A, line 22; or Form
1040NR, line 37) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13.
14.
Divide line 3 by line 13. Enter the result as a decimal (rounded to at least three places). Do
not enter more than 1.000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14.
15.
Multiply line 12 by line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15.
16.
Multiply line 15 by line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16.
17.
Subtract line 16 from line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17.
18.
Qualified dividends on Form 8615, line 5. Subtract line 16 of this worksheet from line 9.
Enter the result here (but do not enter less than zero or more than the amount on Form
8615, line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18.
19.
Net capital gain on Form 8615, line 5. Subtract line 17 of this worksheet from line 8 (but
do not enter less than zero or more than the excess of Form 8615, line 5, over line 18 of this
worksheet) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19.
*If you enter more than $154,950 on line 13, see the Deduction for Exemptions Worksheet in the Form 1040, Form 1040A, or Form 1040NR
instructions for the amount to enter on line 10.
Line 9
Schedule J (Form 1040). If any farming or fishing
income (including certain amounts received in connection
Figure the tax using the Tax Table, Tax Computation
with the Exxon Valdez litigation) is included on line 8, the
Worksheet, Qualified Dividends and Capital Gain Tax
tax may be less if you use Schedule J. If Schedule J was
Worksheet, Schedule D Tax Worksheet, or Schedule J
used to figure the tax on the parent's return, see Pub. 929
(Form 1040), whichever applies.
for details on how to figure the tax.
If line 8 includes any net capital gain or qualified
Child files Form 2555 or 2555-EZ. If line 8 includes any
dividends, use the Qualified Dividends and Capital Gain
net capital gain or qualified dividends and the child or any
Tax Worksheet in the Form 1040, 1040A, or 1040NR
other child filing Form 8615 also files Form 2555 or
instructions to figure the tax, unless you have to use the
2555-EZ, see Pub. 929 for instructions on how to figure
Schedule D Tax Worksheet or Schedule J (see below).
the line 9 tax.
Schedule D Tax Worksheet. If the child, parent, or any
Using the Qualified Dividends and Capital Gain Tax
other child has to file Schedule D and line 18 or 19 of any
Worksheet for line 9 tax. If you use the Qualified
Schedule D is more than zero, use the Schedule D Tax
Dividends and Capital Gain Tax Worksheet to figure the
Worksheet in the Instructions for Schedule D to figure the
line 9 tax, complete that worksheet as follows.
tax. See Pub. 929 for details on how to figure the line 9 tax
using the Schedule D Tax Worksheet.
-6-
Instructions for Form 8615 (2015)
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