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Worksheet 1 for Line 11 of the Schedule D Tax Worksheet—28% Rate Gain (Line 9 Tax) 1. Enter the amount, if any, from your child’s Schedule D (Form 1040), line 18 . . . . . . . . . . .
If line 1 is zero or blank, skip lines 2 through 4, enter -0- on line 5, and go to line 6. 2. Enter the amount, if any, from the last line of your child’s completed Line 5 Worksheet in the instructions for Form 8615, line 8. (See the line 8 instructions for which Line 5 Worksheet to use.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Enter the amount from line 2 of your child’s completed Line 5 Worksheet . . . . . . . . . . . . .
4. Divide line 2 by line 3. Enter the result as a decimal . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Multiply line 1 by line 4 . . . . . . . . . . . . . . . . .
6. If no other child has 28% rate gain, enter -0-. Otherwise, repeat lines 1 through 5 above for each other child who has 28% rate gain and enter the total of the line 5 amounts for those other children . . . . . . . . . . . . . . . . . . . . . . . . . . .
7. Enter the amount, if any, from line 18 of the parent's Schedule D (Form 1040) . . . . . . . . . . .
8. Add lines 5, 6, and 7. Also include this amount on the Schedule D Tax Worksheet, line 11 . . . . . . .
Figuring unrecaptured section 1250 gain (line 11). If the child, the parent, or any other child has unrecap- tured section 1250 gain, figure the amount of unrecap- tured section 1250 gain included in the net capital gain on Form 8615, line 8, using the following worksheet. Worksheet 2 for Line 11 of the Schedule D Tax Worksheet—Unrecaptured Section 1250 Gain (Line 9 Tax) 1. Enter the amount, if any, from your child’s Schedule D, line 19 . . . . . . . . . . . . . . . . . . . .
If line 1 is zero or blank, skip lines 2 through 4, enter -0- on line 5, and go to line 6. 2. Enter the amount, if any, from the last line of your child’s completed Line 5 Worksheet in the instructions for Form 8615, line 8. (See the line 8 instructions for which Line 5 Worksheet to use.) . .
3. Enter the amount from line 2 of your child’s completed Line 5 Worksheet . . . . . . . . . . . . . .
4. Divide line 2 by line 3. Enter the result as a decimal . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Multiply line 1 by line 4 . . . . . . . . . . . . . . . . . .
6. If no other child has unrecaptured section 1250 gain, enter -0-. Otherwise, repeat lines 1 through 5 for each other child who has unrecaptured section 1250 gain and enter the total of the line 5 amounts for those children . . . . . . . . . . . . . . . . . . . . .
7. Enter the amount, if any, from line 19 of the parent's Schedule D (Form 1040) . . . . . . . . . . .
8. Add lines 5, 6, and 7. Also include this amount on the Schedule D Tax Worksheet, line 11 . . . . . . .
Using Schedule J (Form 1040) for line 9 tax. Use Schedule J to figure the line 9 tax on Form 8615 if Sched- ule J is used to figure the tax on the parent's return. First complete the actual Schedule J for the parent, then use another Schedule J as a worksheet to figure the tax to en- ter on line 9 of Form 8615. (Don’t attach this worksheet to the child's return.) Complete this worksheet Schedule J as follows. 1. On line 1, enter the amount from Form 8615, line 8. 2. On lines 2a, 2b, and 2c, enter the amounts from the parent's Schedule J, lines 2a, 2b, and 2c. 3. Complete line 3 following the Schedule J instructions. 4. Complete line 4. If Form 8615, line 8, includes any net capital gain, use the Qualified Dividends and Capital Gain Tax Worksheet to figure the tax amount on this line. For details on how to use the worksheet, see the in- structions for Form 8615, line 9, in the Instructions for Form 8615, but use the amount from line 3 of this worksheet Schedule J (instead of the amount on Form 8615, line 8). However, if the child, the parent, or any other child has 28% rate gain or unrecaptured section 1250 gain, use the Schedule D Tax Worksheet. Follow the earlier instructions under Using the Schedule D Tax Work- sheet for line 9 tax, except use the amount on line 3 of this worksheet Schedule J (instead of the amount on Form 8615, line 8) in step 1. Publication 929 (2021) Page 19