If the child's parents were married to each other and filed a joint return, enter the name and social security number (SSN)
of the parent who is
listed first on the joint return.
If the parents were married but filed separate returns, enter the name and SSN of the parent who had the higher taxable income. If you
do not know which parent had the higher taxable income, see Pub. 929.
If the parents were unmarried, treated as unmarried for Federal income tax purposes, or separated by either a divorce or separate
maintenance
decree, enter the name and SSN of the parent who had custody of the child for most of the year (the custodial parent).
Exception.
If the custodial parent remarried and filed a joint return with his or her new spouse, enter the name and SSN of the
person listed first on the
joint return, even if that person is not the child's parent. If the custodial parent and his or her new spouse filed separate
returns, enter the name
and SSN of the person with the
higher taxable income, even if that person is not the child's parent.
Note:
If the parents were unmarried but lived together during the year with the child, enter the name and SSN of the parent who
had the higher
taxable income.
If the child had no earned income (defined below), enter the child's adjusted gross income from Form 1040, line 35; Form 1040A,
line 22; or Form
1040NR, line 34.
If the child had earned income, use the worksheet on page 2 to figure the amount to enter on line 1. But use Pub. 929 instead of the
worksheet to figure the amount to enter on line 1 if the child:
- Files Form 2555 or 2555-EZ (relating to foreign earned income),
- Has a net loss from self-employment, or
- Claims a net operating loss deduction.
Earned income includes wages, tips, and other payments received for personal services performed. Generally, it is the total of the
amounts reported on Form 1040, lines 7, 12, and 18; Form 1040A, line 7; or Form 1040NR, lines 8, 13, and 19.
Child's Investment Income Worksheet—Line 1 (keep for your records)
| 1. |
Enter the amount from the child's Form 1040, line 22; Form 1040A, line 15; or Form 1040NR, line 23,
whichever applies
|
1. |
|
| 2. |
Enter the child's earned income (defined on page 1) plus any amount from the child's Form 1040,
line 31, or Form 1040NR, line 30, whichever applies
|
2. |
|
| 3. |
Subtract line 2 from line 1. Enter the result here and on Form 8615, line 1 |
3. |
|
If the child itemized deductions, enter the larger of:
- $1,500 or
- $750 plus the portion of the amount on Schedule A (Form 1040), line 28 (or line 17 of the Form 1040NR Schedule A), that is
directly connected with the production of the investment income on Form 8615, line 1.
If the parent filed a joint return, enter the taxable income shown on that return even if the parent's spouse is not the child's
parent.
Figure the tax using the Tax Table, Tax Rate Schedules, Qualified Dividends and Capital Gain Tax Worksheet, or Schedule D
or J, whichever applies.
If any qualified dividends or net capital gain is included on line 8, Schedule D must be used to figure the tax unless the
Qualified Dividends and
Capital Gain Tax Worksheet may be used. See Pub. 929 for details on how to figure the qualified dividends and net capital
gain included on line 8. If
any farm income is included on line 8, the tax may be less if you use Schedule J. If Schedule J was used to figure the tax
on the parent's return, see
Pub. 929 for details on how to figure the tax.
If the parent filed a joint return, enter the tax shown on that return even if the parent's spouse is not the child's parent.
Figure the tax using the Tax Table, Tax Rate Schedule X, Qualified Dividends and Capital Gain Tax Worksheet, or Schedule D
or J, whichever applies.
If line 14 includes any qualified dividends or net capital gain, use Schedule D to figure the tax unless the Qualified Dividends
and Capital Gain Tax
Worksheet may be used. See Pub. 929 for details on how to figure the qualified dividends and net capital gain included on
line 14. If any farm income
is included on line 14, the tax may be less if you use Schedule J.
Figure the tax using the Tax Table, Tax Rate Schedule X, Qualified Dividends and Capital Gain Tax Worksheet, or Schedule D
or J, whichever applies.
If line 4 includes any qualified dividends or net capital gain, use Schedule D to figure the tax unless the Qualified Dividends
and Capital Gain Tax
Worksheet may be used. If any farm income is included on line 4, the tax may be less if you use Schedule J.
