skip navigation

Search Help
Navigation Help

Topic Index
ABCDEFGHI
JKLMNOPQR
STUVWXYZ#

FAQs
Forms
Publications
Tax Topics

Comments
About Tax Map

IRS.gov Website
Instructions for Schedule J (Form 1040)
taxmap/instr/i1040sj-006.htm#TXMP42286cd1

Line 8(p4)

rule
If line 7 is zero, enter -0- on line 8. Otherwise, figure the tax on the amount on line 7 using:
If your elected farm income includes net capital gain, you must use the 2008 Schedule D Tax Worksheet to figure the tax on the amount on line 7. However, if you filed Form 2555 or 2555-EZ for 2008, you must first complete the 2008 Foreign Earned Income Tax Worksheet, and then use the 2008 Schedule D Tax Worksheet to figure the tax on the amount on line 3 of that worksheet.
When completing the Schedule D Tax Worksheet, you must allocate 1/3 of the amount on line 2b (and 1/3 of the amount on line 2c, if any) to 2008. If for 2008 you had a capital loss that resulted in a capital loss carryover to 2009, do not reduce the elected farm income allocated to 2008 by any part of the carryover.

2008 Tax Rate Schedules—Line 8

Schedule X—Use if your 2008 filing status was Single or you checked filing status box 1 or 2 on Form 1040NR Schedule Y-2—Use if your 2008 filing status was Married filing separately or you checked filing status box 3, 4, or 5 on Form 1040NR
If Schedule J, line 7, is:
Over—
But not over—Enter on      
Schedule J,  
line 8     
of the amount over—If Schedule J, line 7, is:
Over—
But not over—Enter on     
Schedule J, 
line 8     
of the amount over—
$0
8,025
32,550
78,850
164,550
357,700
$8,025
32,550
78,850
164,550
357,700
.............
...........
$802.50 +
4,481.25 +
16,056.25 +
40,052.25 +
103,791.75 +


10%
15%
25%

28%
33%
35%
$0
8,025
32,550

78,850
164,550
357,700
$0
8,025
32,550
65,725
100,150
178,850
$8,025
32,550
65,725
100,150
178,850
.............
...........
$802.50 + 4,481.25 +
12,775.00 +
22,414.00 +
48,385.00 +
10%
15%
25%
28%
33%
35%
$0
8,025

32,550
65,725
100,150
178,850
          
Schedule Y-1—Use if your 2008 filing status was Married filing jointly or Qualifying widow(er) or you checked filing status box 6 on Form 1040NR


Schedule Z—Use if your 2008 filing status was Head of household
If Schedule J, line 7, is:
Over—
But not over—Enter on   
Schedule J, 
line 8     
of the amount over—If Schedule J, line 7, is:
Over—
But not over—Enter on
Schedule J,
line 8
of the amount over—
$0
16,050
65,100
131,450
200,300
357,700
$16,050
65,100
131,450
200,300
357,700
............
...........
$1,605.00 +
8,962.50 +
25,550.00 +
44,828.00 +
96,770.00 +


10%
15%
25%

28%
33%
35%
$0
16,050

65,100
131,450
200,300
357,700
$0
11,450
43,650
112,650
182,400
357,700
$11,450 43,650
112,650
182,400
357,700
.............
...........
$1,145.00 + 5,975.00 +
23,225.00 +
42,755.00 +
100,604.00 +
10%
15%

25%
28%
33%
35%
$0
11,450

43,650
112,650
182,400
357,700
          
taxmap/instr/i1040sj-006.htm#w25514j12
pencil

2008 Qualified Dividends and Capital Gain Tax Worksheet—Line 8

Use this worksheet only if both of the following apply.
  • Your elected farm income on your 2011 Schedule J, line 2a, does not include any net capital gain.
  • You (a) entered qualified dividends on your 2008 Form 1040, line 9b (or your 2008 Form 1040A, line 9b, or 2008 Form 1040NR, line 10b); (b) entered capital gain distributions directly on your 2008 Form 1040, line 13 (or your 2008 Form 1040A, line 10, or 2008 Form 1040NR, line 14) and were not required to file Schedule D; or (c) filed Schedule D in 2008 and you answered "Yes" on lines 17 and 20 of that Schedule D.
 
1. Amount from your 2011 Schedule J, line 7. If for 2008 you filed Form 2555 or 2555-EZ, enter the amount from line 3 of the 2008 Foreign Earned Income Tax Worksheet 1.   
2. Amount from your 2008 Form 1040, line 9b* (or your 2008 Form 1040A, line 9b, or 2008 Form 1040NR, line 10b)2.   
3. Did you file Schedule D in 2008?*    
   box Yes. Enter the smaller of line 15 or 16 of your 2008 Schedule D, but do not enter less than -0- Right brace3.   
   box No.Enter the amount from your 2008 Form 1040, line 13 (or your 2008 Form 1040A, line 10, or 2008 Form 1040NR, line 14)    
4. Add lines 2 and 34.   
5. Amount, if any, from your 2008 Form 4952, line 4g5.   
6. Subtract line 5 from line 4. If zero or less, enter -0-6.   
7. Subtract line 6 from line 1. If zero or less, enter -0-7.   
8. Enter the smaller of:   
  
  • The amount on line 1, or
  
  
  • $32,550 if single or married filing separately or if you
       checked filing status box 1, 2, 3, 4, or 5 on Form 1040NR;
Right brace8.   
    $65,100 if married filing jointly or qualifying widow(er)
  or if you checked filing status box 6 on Form 1040NR;
  $43,650 if head of household. 
  
9. Is the amount on line 7 equal to or more than the amount on line 8?  
   box Yes.Skip lines 9 and 10; go to line 11 and check the "No" box.  
   box No.Enter the amount from line 79.   
10. Subtract line 9 from line 810.   
11. Are the amounts on lines 6 and 10 the same?  
   box Yes.Skip lines 11 through 14; go to line 15.  
   box No.Enter the smaller of line 1 or line 6 11.   
12. Enter the amount from line 10 (if line 10 is blank, enter -0-)12.   
13. Subtract line 12 from line 1113.   
14. Multiply line 13 by 15% (.15)14.  
15. Figure the tax on the amount on line 7. Use the 2008 Tax Rate Schedules15.  
16. Add lines 14 and 1516.  
17. Figure the tax on the amount on line 1. Use the 2008 Tax Rate Schedules17.  
18. Tax. Enter the smaller of line 16 or line 17 here and on your 2011 Schedule J, line 8. If for 2008 you filed Form 2555 or 2555-EZ, do not enter this amount on Schedule J, line 8. Instead, enter it on line 4 of the 2008 Foreign Earned Income Tax Worksheet 18.  
*If for 2008 you filed Form 2555 or 2555-EZ, see the footnote in the 2008 Foreign Earned Income Tax Worksheet before completing this line.
  
taxmap/instr/i1040sj-006.htm#w25514j201
pencil

2008 Foreign Earned Income Tax Worksheet—Line 8

Use this worksheet if you claimed the foreign earned income exclusion or housing exclusion on your 2008 Form 1040 using Form 2555 or 2555-EZ. However, if Schedule J, line 7, is zero or less do not complete this worksheet.
1.Enter the amount from your 2011 Schedule J, line 71.
2.Enter the amount from your (and your spouse's, if filing jointly) 2008 Form 2555, lines 45 and 50, or Form 2555-EZ, line 182.
3.Add lines 1 and 23.
4.Tax on the amount on line 3. Use the 2008 Tax Rate Schedules, the 2008 Qualified Dividends and Capital Gain Tax Worksheet,* or the 2008 Schedule D Tax Worksheet in the 2008 Schedule D instructions,* whichever applies. 4.
5.Tax on the amount on line 2. Use the 2008 Tax Rate Schedules. 5.
6.Subtract line 5 from line 4. Enter the result. If zero or less, enter -0-. Also include this amount on your 2011 Schedule J, line 8 6.
*Enter the amount from line 3 above on line 1 of the 2008 Qualified Dividends and Capital Gain Tax Worksheet or the 2008 Schedule D Tax Worksheet if you use either of those worksheets to figure the tax on line 4 above. Complete the rest of that worksheet through line 6 (line 10 if you use the Schedule D Tax Worksheet). Next, you must determine if you had a capital gain excess. To find out if you had a capital gain excess, subtract the amount from your 2011 Schedule J, line 7, from line 6 of your 2008 Qualified Dividends and Capital Gain Tax Worksheet (line 10 of your 2008 Schedule D Tax Worksheet). If the result is more than zero, that amount is your capital gain excess.
 If you did not have a capital gain excess, complete the rest of either of those worksheets according to the worksheet's instructions. Then complete lines 5 and 6 above.
 If you had a capital gain excess, complete a second 2008 Qualified Dividends and Capital Gain Tax Worksheet or 2008 Schedule D Tax Worksheet (whichever applies) as instructed above but in its entirety and with the following additional modifications. Then complete lines 5 and 6 above. These modifications are to be made only for purposes of filling out the 2008 Foreign Earned Income Tax Worksheet above.
 1. Reduce (but not below zero) the amount you would otherwise enter on line 3 of your 2008 Qualified Dividends and Capital Gain Tax Worksheet or line 9 of your 2008 Schedule D Tax Worksheet by your capital gain excess.
 2. Reduce (but not below zero) the amount you would otherwise enter on your 2008 Form 1040, line 9b, by any of your capital gain excess not used in (1) above.
 3. Reduce (but not below zero) the amount on your 2008 Schedule D (Form 1040), line 18, by your capital gain excess.
 4. Include your capital gain excess as a loss on line 16 of your 2008 Unrecaptured Section 1250 Gain Worksheet in the 2008 Instructions for Schedule D (Form 1040).