Illustrated Part II of Form 8615

Summary: This is an example of a portion of Part II of Form 8615 (2012) with items included as described next.
In this example, Randy and his sister must each file Form 8615. Their parents joint return information is used on the Forms 8615 of both children. The net investment income on line 5 of Randy's Form 8615 is $2,280. His sister's net investment income is $1,520. Randy's parents taxable income is $50,570. Their tax, from the Tax Table, is $6,736.
Part II of Randy's Form 8615, with lines 6 through 13 filled in, is shown here.
Randy's parents taxable income of $50,570 (from line 43 of Form 1040) is entered on Form 8615, line 6.
Randy's sister's net investment income of $1,520 (from line 5 of her Form 8615) is entered on line 7 of Randy's Form 8615. The amounts on line 5 ($2,280), line 6 ($50,570), and line 7 ($1,520) are added and the total of $54,370 is entered on line 8.
The tax on $54,370 is found in the Tax Table using the parents joint filing status. The tax, $7,306, is entered on line 9. Randy's parents tax of $6,736 (from line 44 of Form 1040) is entered on line 10 and is subtracted from the amount on line 9. The difference, $570, is entered on line 11.
Randy's net investment income on line 5 ($2,280) is added to his sister's net investment income on line 7 ($1,520) and the total, $3,800, is entered on line 12a.
The amount on line 5 ($2,280) is divided by the amount on line 12a ($3,800) and the result, .600, is entered on line 12b.
The amount on line 11 ($570) is multiplied by the amount on line 12b (.600) and the result, $342, is entered on line 13. This is Randy's tentative tax based on his parents tax rate.

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