Form 8615 Tax for Certain Children Who Have Investment Income of More Than $1,900 (2012)

Summary: This is an example of Form 8615 (2012) with items included as described in the text. Additionally, these line items are completed:

Child's name shown on return field contains Joshua A. Blake
Child's social security number field contains 111-00-1111
A Parent's name (first, initial, and last). Caution: See instructions before completing.field contains Bob Blake.
B Parent's social security numberfield contains 000–00–0001
C Parent's filing status (check one):field contains checkbox Single, checkbox with check mark Married filing jointly, checkbox Married filing separately, checkbox Head of household, checkbox Qualifying widow(er)
UnderPart I: Child's Net Investment Income
1. Enter the child's investment income (see instructions)field contains 2,800
2. If the child did not itemize deductions on Schedule A (Form 1040 or Form 1040NR), enter $1,900. Otherwise, see instructions.field contains 1,900
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 returnfield contains 900
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 instructionsfield contains 2,500
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 returnfield contains 900
Under 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 zero. If the parent files Form 2555 or 2555-EZ, see the instructionsfield contains 48,000
8. Add lines 5, 6, and 7 (see instructions)field contains 48,900
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.checkbox with check mark, field contains 6.399
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.checkbox, field contains 6,354
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 IIIfield contains 45
13. multiply line 11 by line 12bfield contains 45
Under Part III: Child's Tax:
14. Subtract line 5 from line 4field contains 1,600
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 herecheckbox is checked, field contains 41
16. Add lines 13 and 15 field contains 86
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 checkbox is checked, field contains 76.
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 chid files Form 2555 or 2555-EZ, see the instructionsfield contains 86.

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