Get the free 2017 Form 8814. Parents' Election To Report Child's Interest and Dividends

Form8814Department of the Treasury Internal Revenue Service (99)Parents Election To Report Child's Interest and Dividends OMB No. 154500742017Go to www.irs.gov/Form8814 for the latest information.

How to fill out 2017 form 8814 parents

How to fill out 2017 form 8814 parents

1. To fill out the 2017 form 8814 parents, you need to follow these steps:
2. Start by entering your name and social security number at the top of the form.
3. Provide the necessary information about your child, including their name, social security number, and relationship to you.
4. Calculate the child's taxable interest and ordinary dividends by referring to their tax documents.
5. Enter the child's taxable interest and ordinary dividends on line 3 of the form.
6. If the child's income is subject to the kiddie tax, calculate the additional tax and enter it on line 4.
7. Subtract the child's tax from line 4 from their income on line 3 and enter the result on line 5.
8. If you have more than one child, repeat steps 3 to 6 for each child.
9. Calculate the total amounts for lines 3, 4, and 5, and enter the totals on line 7.
10. Follow the instructions on the form to sign, date, and send it to the appropriate address.
11. Remember to keep a copy of the completed form for your records.

Who needs 2017 form 8814 parents?

1. The 2017 form 8814 parents is needed by parents who meet the following criteria:
2. - They have a child under the age of 19 or a full-time student between the ages of 19 and 24.
3. - The child's interest and dividend income does not exceed certain thresholds.
4. - The child's income is not from self-employment or wages.
5. Parents can use this form to report their child's income and calculate the amount of kiddie tax owed.

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What is form 8814 parents election?

Form 8814 parents election is used by parents to report a child's unearned income on their own tax return.

Who is required to file form 8814 parents election?

Parents are required to file form 8814 parents election if their child has unearned income over a certain threshold.

How to fill out form 8814 parents election?

Form 8814 parents election is filled out by including the child's unearned income and calculating the tax owed by the parents.

What is the purpose of form 8814 parents election?

The purpose of form 8814 parents election is to ensure that the child's unearned income is reported and taxed appropriately.

What information must be reported on form 8814 parents election?

Information such as the child's unearned income, the parents' tax information, and the calculation of tax owed must be reported on form 8814 parents election.