Federal Parents' Election To Report Child's Interest and Dividends

Parents' Election To Report Child's Interest and Dividends
2023 Form 8814
Form

8814

Department of the Treasury
Internal Revenue Service

Parents’ Election To Report
Child’s Interest and Dividends

OMB No. 1545-0074

2023

Attach to parents’ Form 1040, 1040-SR, or 1040-NR.
Go to www.irs.gov/Form8814 for the latest information.

Attachment
Sequence No. 40
Your social security number

Name(s) shown on your return

Caution: The federal income tax on your child’s income, including qualified dividends and capital gain distributions, may be less if you
file a separate tax return for the child instead of making this election. This is because you cannot take certain tax benefits that your
child could take on his or her own return. For details, see Tax benefits you cannot take in the instructions.
A Child’s name (first, initial, and last)

C If more than one Form 8814 is attached, check here

Part I

B Child’s social security number

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Child’s Interest and Dividends To Report on Your Return

1a

Enter your child’s taxable interest. If this amount is different from the amounts shown on the child’s
Forms 1099-INT and 1099-OID, see the instructions . . . . . . . . . . . . . . . . .
b Enter your child’s tax-exempt interest. Do not include this amount on line 1a
1b
2a Enter your child’s ordinary dividends, including any Alaska Permanent Fund dividends. If your child
received any ordinary dividends as a nominee, see the instructions . . . . . . . . . . . .
b Enter your child’s qualified dividends included on line 2a. See the instructions
2b
3
Enter your child’s capital gain distributions. If your child received any capital gain distributions as a
nominee, see the instructions . . . . . . . . . . . . . . . . . . . . . . . .
4

5
6

7
8
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10
11
12

1a

2a

3

Add lines 1a, 2a, and 3. If the total is $2,500 or less, skip lines 5 through 12 and go to line 13. If the
total is $12,500 or more, do not file this form. Your child must file his or her own return to report the
income
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Base amount. Enter $2,500 . . . . . . . . . . . . . . . . . . . . . . . . .
Subtract line 5 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . .
If both lines 2b and 3 are zero or blank, skip lines 7 through 10, enter -0- on line 11, and go to
line 12. Otherwise, go to line 7.
Divide line 2b by line 4. Enter the result as a decimal (rounded to at least three
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places) . . . . . . . . . . . . . . . . . . . . . . . .
7
Divide line 3 by line 4. Enter the result as a decimal (rounded to at least three
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places) . . . . . . . . . . . . . . . . . . . . . . . .
8
Multiply line 6 by line 7. Enter the result here. See the instructions for where to
report this amount on your return . . . . . . . . . . . . . . .
9
Multiply line 6 by line 8. Enter the result here. See the instructions for where to
report this amount on your return . . . . . . . . . . . . . . .
10
Add lines 9 and 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11

Subtract line 11 from line 6. Include this amount in the total on Schedule 1 (Form 1040), line 8z. In the
space next to that line, enter “Form 8814” and show the amount. If you checked the box on line C
above, see the instructions. Go to line 13 below . . . . . . . . . . . . . . . . . .

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Part II

4
5
6

Tax on the First $2,500 of Child’s Interest and Dividends

13
14
15

Amount not taxed. Enter $1,250 . . . . . . . . . . . . . . . . . . . . . . .
Subtract line 13 from line 4. If the result is zero or less, enter -0- . . . . . . . . . . . . .
Tax. Is the amount on line 14 less than $1,250?
No. Enter $125 here and see the Note below.
. . . .
Yes. Multiply line 14 by 10% (0.10). Enter the result here and see the Note below.
Note: If you checked the box on line C above, see the instructions. Otherwise, include the amount from line 15
Form 1040,1040-SR, or 1040-NR, line 16. Be sure to check box 1 on Form 1040, 1040-SR, or 1040-NR, line 16.
For Paperwork Reduction Act Notice, see your tax return instructions.

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Cat. No. 10750J

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in the tax you enter on
Form 8814 (2023)