Figure 2. Do You Have To Use Form 8615 To Figure Your Child's Tax? Summary: This flowchart aids in deciding whether Form 8615 is needed to figure a child's tax.Start. This is the starting of the flowchart.Decision (1). Was the child under age 14 at the end of 2004?
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IF Yes Continue To Decision (2)
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IF No Continue To Process (a)
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Decision (2). Is the child required to file a tax return for 2004?
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IF Yes Continue To Decision (3)
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IF No Continue To Process (a)
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Decision (3). Was the child's investment income more than $1,600?
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IF Yes Continue To Process (b)
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IF No Continue To Process (a)
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Process (a). Do not use Form 8615 to figure the child's tax.
Process (b). Use Form 8615 to figure the child's tax. Attach it to the child's return.Note: If the child's parent (see Footnote) chooses
to report the child's income by filing Form 8814, the child is not required to file a tax
return. Do not use Form 8615 (See Parent's Election To Report Child's Interest and Dividends.)Footnote: See Which Parent's
Return To Use
End. This is the ending of the flowchart.
