Form 8615 – Fill Out and Use This PDF

The Form 8615 is used to calculate the tax for certain children who have unearned income, as per the requirements set by the Internal Revenue Service. This form is attached only to the child's tax return, whether it be Form 1040, Form 1040A, or Form 1040NR. Detailed instructions and further information about Form 8615 can be found on the official IRS website. If you're ready to navigate the process of reporting your child's unearned income, click the button below to get started.

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Form 8615 PDF Details

Understanding the tax obligations for children with unearned income is crucial for parents navigating the complexities of tax filings. The Form 8615, titled "Tax for Certain Children Who Have Unearned Income," serves this purpose by ensuring that a child's investment income is taxed at the appropriate rate. Typically attached to a child’s Form 1040, Form 1040A, or Form 1040NR, it's required when a child has significant income from sources other than wages or salaries, such as dividends or interest. This form calculates the tax based on the parent's tax rate if it proves to be higher, preventing tax evasion through income shifting to children. Before diving into the form, parents are encouraged to understand if specific conditions—like the child's investment in farming or fishing, or situations requiring the Schedule D Tax Worksheet—are applicable. The form also considers the parent’s filing status, the child’s net unearned income, and any deductions not accounted for on Schedule A. Accurately completing Form 8615 ensures compliance with tax laws, potentially affecting how much tax is owed on a child's unearned income. With detailed instructions from the IRS and the possibility of needing to adjust for multiple children's income, this form plays a vital role in a family's financial and tax planning strategy.

Question	Answer
Form Name	Form 8615
Form Length	1 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	15 sec
Other names	OMB, 12a, Worksheet, 1040A

Form Preview Example

Form 8615	TAX FOR CERTAIN CHILDREN WHO		OMB No. 1545-0074
	TAX FOR CERTAIN CHILDREN WHO		OMB No. 1545-0074
	HAVE UNEARNED INCOME		2013
Department of the Treasury	▶ Attach only to the child's Form 1040, Form 1040A, or Form 1040NR.		Attachment
	▶ Information about Form 8615 and its separate instructions is at www.irs.gov/form8615.		Attachment
Internal Revenue Service (99)			Sequence No. 33
Child’s name shown on return		Child's social security number

Before you begin: If the child, the parent, or any of the parent’s other children for whom Form 8615 must be filed must use the Schedule D Tax Worksheet or has income from farming or fishing, see Pub. 929, Tax Rules for Children and Dependents. It explains how to figure the child’s tax using the Schedule D Tax Worksheet or Schedule J (Form 1040).


A Parent’s name (first, initial, and last). Caution: See instructions before completing.									B Parent’s social security number

C Parent’s filing status (check one):
	Single			Married filing jointly	Married filing separately	Head of household					Qualifying widow(er)

Part I			Child’s Net Unearned Income
1	Enter the child’s unearned income (see instructions)					. . . . . . . . .				1
2	If the child did not itemize deductions on Schedule A (Form 1040 or Form 1040NR), enter
	$2,000. Otherwise, see instructions					. . . . . . . . .				2
3	Subtract line 2 from line 1. If zero or less, stop; do not complete the rest of this form but do
	attach it to the child’s return					. . . . . . . . .				3
4	Enter the child’s taxable income from Form 1040, line 43; Form 1040A, line 27; or Form 1040NR,
	line 41. If the child files Form 2555 or 2555-EZ, see the instructions .					. . . . . . . . .				4
5	Enter the smaller of line 3 or line 4. If zero, stop; do not complete the rest of this form but do
	attach it to the child’s return					. . . . . . . . .				5
Part II			Tentative Tax Based on the Tax Rate of the Parent
6	Enter the parent’s taxable income				from Form 1040, line 43; Form 1040A, line 27; Form 1040EZ,
	line 6; Form 1040NR, line 41; or Form 1040NR-EZ, line 14. If zero or less, enter -0-. If the parent
	files Form 2555 or 2555-EZ, see the instructions					. . . . . . . . .				6
7	Enter the total, if any, from Forms 8615, line 5, of all other children of the parent named above.
	Do not include the amount from line 5 above					. . . . . . . . .				7
8	Add lines 5, 6, and 7 (see instructions)					. . . . . . . . .				8
9	Enter the tax on the amount on line 8 based on the parent’s filing status above (see instructions).
	If the Qualified Dividends and Capital Gain Tax Worksheet, Schedule D Tax Worksheet, or
	Schedule J (Form 1040) is used to figure the tax, check here . . . .					. . .	. .	▶		9
10	Enter the parent’s tax from Form 1040, line 44; Form 1040A, line 28, minus any alternative
	minimum tax; Form 1040EZ, line 10; Form 1040NR, line 42; or Form 1040NR-EZ, line 15. Do not
	include any tax from Form 4972 or 8814 or any tax from recapture of an education credit. If the
	parent files Form 2555 or 2555-EZ, see the instructions. If the Qualified Dividends and Capital
	Gain Tax Worksheet, Schedule D Tax Worksheet, or Schedule J (Form 1040) was used to figure
	the tax, check here					. . .	. .	▶		10
11	Subtract line 10 from line 9 and enter the result. If line 7 is blank, also enter this amount on line
	13 and go to Part III					. . . . . . . . .				11
12a	Add lines 5 and 7					12a
b	Divide line 5 by line 12a. Enter the result as a decimal (rounded to at least three places) . . . .									12b	× .
13	Multiply line 11 by line 12b					. . . . . . . . .				13
Part III		Child’s Tax—If lines 4 and 5 above are the same, enter -0- on line 15 and go to line 16.
14	Subtract line 5 from line 4					14
15	Enter the tax on the amount on line 14 based on the child’s filing status (see instructions). If
	the Qualified Dividends and Capital Gain Tax Worksheet, Schedule D Tax Worksheet, or
	Schedule J (Form 1040) is used to figure the tax, check here . . . .					. . .	. .	▶		15
16	Add lines 13 and 15					. . . . . . . . .				16
17	Enter the tax on the amount on line 4 based on the child’s filing status (see instructions). If
	the Qualified Dividends and Capital Gain Tax Worksheet, Schedule D Tax Worksheet, or
	Schedule J (Form 1040) is used to figure the tax, check here . . . .					. . .	. .	▶		17
18	Enter the larger of line 16 or line 17 here and on the child’s Form 1040, line 44; Form 1040A,
	line		28; or Form 1040NR, line 42. If the child files Form 2555 or 2555-EZ, see the				instructions . .			18

For Paperwork Reduction Act Notice, see your tax return instructions.

Cat. No. 64113U

Form 8615 (2013)

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Form 8615 – Fill Out and Use This PDF

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