What is Form 8814 used for?

Form 8814, 'Parents' Election To Report All Income of Minor Child on Parents' Return,' is used when parents choose to report all of their child's income on their own tax return instead of the child filing a separate return. This form helps to calculate and allocate the child's total income among different types (ordinary dividends, capital gains distributions, etc.) and report them accordingly.

What happens if the parents' dividends plus the child's dividends exceed $1,500?

The parents must file Schedule B (Form 1040) if their total dividend income and the child's dividend income is more than $1,500. This form helps to calculate and report the total taxable dividend income.

What should be done if a child has unrecaptured section 1250 gain or collectibles (28% rate) gain?

Instructions for reporting these types of capital gain distributions can be found in Types of capital gain distributions, earlier. The instructions will help to locate the correct Schedule D instructions and determine the amount(s) to report.

Where should Form 8814 be filed?

Form 8814 must be attached to and filed with the parents' annual Form 1040, Form 1040-SR, or Form 1040-NR tax return.

Which lines of Form 1040, Schedule D, and Form 8814 should be used to report a child's capital gain distribution?

The amount of the child's capital gain distribution is reported on Schedule D (Form 1040), line 13. The same amount is also reported on Form 8814, line 10.

Form 8814

Fill out this form

Chat with document

Create Web Form

Parents' Election To Report Child's Interest and Dividends

Rev. 2023

Form 8814 is a tax form attached to parents' Form 1040, 1040-SR, or 1040-NR for reporting their child’s interest and dividends. Parents need to provide the child's name and social security number. The document outlines the procedure for reporting taxable and tax-exempt interest, ordinary and qualified dividends, and capital gain distributions on Part I of the form. Part II calculates the tax on the first $2,500 of a child’s interest and dividends. Parents should include the total amount reported in Schedule 1 (Form 1040) line 8z, with ‘Form 8814’ notation.

Instructions

Instructions for Form 8814 - Instructions for Form 8814, Parents' Election to Report Child's Interest and Dividends

Search tags

FAQ

What is Form 8814 used for?
Form 8814, 'Parents' Election To Report All Income of Minor Child on Parents' Return,' is used when parents choose to report all of their child's income on their own tax return instead of the child filing a separate return. This form helps to calculate and allocate the child's total income among different types (ordinary dividends, capital gains distributions, etc.) and report them accordingly.
What happens if the parents' dividends plus the child's dividends exceed $1,500?
The parents must file Schedule B (Form 1040) if their total dividend income and the child's dividend income is more than $1,500. This form helps to calculate and report the total taxable dividend income.
What should be done if a child has unrecaptured section 1250 gain or collectibles (28% rate) gain?
Instructions for reporting these types of capital gain distributions can be found in Types of capital gain distributions, earlier. The instructions will help to locate the correct Schedule D instructions and determine the amount(s) to report.
Where should Form 8814 be filed?
Form 8814 must be attached to and filed with the parents' annual Form 1040, Form 1040-SR, or Form 1040-NR tax return.
Which lines of Form 1040, Schedule D, and Form 8814 should be used to report a child's capital gain distribution?
The amount of the child's capital gain distribution is reported on Schedule D (Form 1040), line 13. The same amount is also reported on Form 8814, line 10.

HOW TO

How to fill out Form 8814 for free, online in 3 easy steps:

1
Open form template in editor
Click on the “Get this template” button.
2
Fill out Form 8814
Wait a moment and you will be redirected to our online PDF Filler app.
3
Download file
Download your completed Form 8814 for free. You can also save it to a cloud storage.

ABOUT

Federal tax forms

Form 8814 is one of Federal tax forms that are documents used to report and file federal income taxes with the Internal Revenue Service (IRS) in the United States. These forms are used by individuals, businesses, and organizations to report their income, deductions, and other relevant information necessary for calculating their federal tax liability.

The most commonly used federal tax form is the Form 1040, which is used by individual taxpayers to report their personal income tax. Other commonly used forms include the Form 1065 for partnerships, Form 1120 for corporations, and Form 990 for tax-exempt organizations.

Federal tax forms typically require taxpayers to report various sources of income, such as wages, salaries, and tips, as well as income from investments, rental properties, and other sources. The forms also allow taxpayers to claim deductions and credits for various expenses, such as charitable contributions, mortgage interest, and healthcare expenses.

It is important to file federal tax forms accurately and on time, as failure to do so can result in penalties and interest charges from the IRS.

FEATURES

PDF Filler

The easiest way to fill Form 8814 online

Quickly fill out Form 8814
Looking for a way to quickly fill Form 8814 online? With our online free PDF form filler, you’ll know how to how to edit and fill this pdf document in less than a minute.
Easy to use online PDF editor
Fed up with printing out PDF files so you can edit them, before rescanning and sending them back? Edit PDF documents for free online. Use our online pdf editor to save time and paper.
Great tools, all platforms
Wondering how to fill in Form 8814 on a Mac, or maybe how to use a PDF filler free? Our online PDF tools work on all platforms.
Secure file storage
Completed "Form 8814" files are stored in a secured database managed by Amazon Cloud hosting. You can delete your files from our system anytime. In any case, these files are automatically deleted after 24 hours.
Chat with Form 8814
Chat with "Form 8814" on Chatize that is a free PDF reader assistant. Ask questions and get answers from "Form 8814". Just click on Chat With Document button above.

Products

Docs

Websites

About