Rev. 2023
Form 8615 instructions for reporting a child’s unearned income. Child’s and parents' names, social security numbers, filing statuses required. Part I calculates the child’s net unearned income. Part II determines the tentative tax based on the parent's tax rate. Part III calculates the child's tax based on their filing status. Instructions for Form 2555 and various worksheets may apply.
The due date for filing Form 8615 is generally the same as the due date for filing your U.S. income tax return, including extensions. However, if you are living abroad and are eligible to file an extension, the deadline for filing Form 8615 may be later.
U.S. citizens or resident aliens who are required to file an income tax return and who have earned income from foreign sources, or who have a foreign tax liability, may need to file Form 8615.
Form 8615, the Foreign Tax Credit for Individuals, is used to calculate and claim a credit for taxes paid to a foreign country on income also subject to U.S. tax.
Form 8615 is filed with your U.S. income tax return. It should not be filed separately from your tax return. If you are required to file a paper return, attach Form 8615 to the front of your tax return. If you are filing electronically, you will need to enter the information from Form 8615 into your tax software or the electronic filing system.
To complete Form 8615, you will need records of your foreign source income, the taxes paid to the foreign country, and any applicable foreign tax credits. You may also need to complete additional worksheets or schedules depending on the nature of your foreign income.
Form 8615 is one of Tax forms that are documents used to report information related to taxes to the relevant tax authority. There are various types of tax forms, including federal, state, and local tax forms, which can vary depending on the taxpayer's circumstances and location.
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