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Hawaii Free Printable Form N-814, Rev. 2018, Parent's Election to Report Child's Interest and Dividends for 2019 Hawaii Parent's Election to Report Child's Interest and Dividends

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Parent's Election to Report Child's Interest and Dividends
Form N-814, Rev. 2018, Parent's Election to Report Child's Interest and Dividends

Clear Form Parent’s Election to Report Child’s Interest and Dividends FORM N-814 2018 (REV. 2018)  See Instructions below and on back.  Attach to Parent’s Form N-11 or Form N-15 (NOTE: References to “married” and “spouse” are also references to “in a civil union” and “civil union partner,” respectively.) Name(s) as shown on parent’s return Your social security number A  Child’s name (first, initial, and last) B  Child’s social security number C  If more than one Form N-814 is attached, check here ....................................................................................................................................... Part I   Child’s Interest and Dividends To Report on Your Return 1 a Enter your child’s taxable interest. If this amount is different from the amounts shown on the child’s federal Forms 1099-INT and 1099-OID, see the Instructions......................................................................................... b Enter your child’s tax-exempt interest. Do not include this amount on line 1a............ 1b 2 Enter your child’s ordinary dividends, including any Alaska Permanent Fund dividends. If your child received any ordinary dividends as a nominee, see the Instructions ....................................... 3 Enter your child’s capital gain distributions. If your child received any capital gain distributions as a nominee, see the Instructions........................................................................................................................................................ 4 Add lines 1a, 2, and 3. If the total is $1,000 or less, skip lines 5 through 9 and go to line 10. If the total is $5,000 or more, do not file this form. Your child must file his or her own return to report the income ............. 5 Base amount .................................................................................................................................................................. 6 Line 4 minus line 5.......................................................................................................................................................... If line 3 is zero or blank, skip line 7, enter -0- on line 8, and go to line 9. Otherwise, go to line 7. 1a 2 3 4 5 6 1,000 00 7 Divide line 3 by line 4. Enter the result as a decimal (rounded to at least three places).... 7 8 Multiply line 6 by line 7. Enter the result here. See the Instructions for where to report this amount on your return.................................................................................. 8 9 Line 6 minus line 8. Include this amount in the total on Form N-11, line 10 (if not already included on Form N-11, line 7), or on Form N-15, line 19. In the space next to Form N-15, line 19, write “Form N-814” and show the amount. If you checked the box on line C above, see the Instructions. Go to line 10 below........................................... 9 Part II Tax on the First $1,000 of Child’s Interest and Dividends 10 Amount not taxed............................................................................................................................................................ 10 11 Line 4 minus line 10. If the result is zero or less, enter zero .......................................................................................... 11 12 Tax. Is the amount on line 11 less than $500? No. Enter $10.00 here and see the Note below.   ......................... 12 Yes. Multiply line 11 by 2% (.02). Enter the result here and see the Note below. 500 00 } Note: If you checked the box on line C above, see the Instructions. Otherwise, include the amount from line 12 in the tax you enter on Form N-11, line 27, or Form N-15, line 44. Be sure to indicate that a tax from Form N-814 is included on Form N-11, line 27, or Form N-15, line 44. General Instructions Note: The federal provisions in the: (1) Tax Increase Prevention and Reconciliation Act of 2005, (2) Small Business and Work Opportunity Tax Act of 2007, and (3) Tax Cuts and Jobs Act of 2017 relating to minor children whose unearned income is taxed as if it were their parent’s income have not been adopted for Hawaii income tax purposes at the present time. Purpose of Form.—Use this form if you are a parent and elect to report your child’s income on your return. If you do, your child will not have to file a return. You can make this election if your child meets all of the following conditions: •• •• •• The child was under age 14 at the end of 2018. A child born on January 1, 2005 is considered to be age 14 at the end of 2018. The child’s only income was from interest and dividends, including capital gain distributions and Alaska Permanent Fund dividends. ID NO 01 •• The child is required to file a 2018 return. There were no estimated tax payments for the child for 2018 (including any overpayment of tax from his or her 2017 return applied to 2018 estimated tax). There was no federal income tax withheld from the child’s income (backup withholding). You must also qualify as explained in these instructions. The child’s gross income for 2018 was more than $500 but less than $5,000. N814_I 2018A 01 VID01 •• •• FORM N-814 FORM N-814 (REV. 2018) Part I is used to figure the amount of your child’s income to report on your return. Part II is used to figure any additional tax that must be added to your tax. How To Make the Election.—To make the election, complete and attach Form(s) N-814 to your tax return and file your return by the due date (including extensions). A separate Form N-814 must be filed for each child whose income you choose to report. Caution: The income tax on your child’s income may be less if you file a separate tax return for the child instead of making this election. This is because you cannot take certain deductions that your child could take on his or her own return. For details, see Deductions You Cannot Take below. Parents Who Qualify To Make the Election.— You qualify to make this election if you file Form N-11 or N-15 and any of the following apply: •• •• •• You are filing a joint return for 2018 with the child’s other parent. You and the child’s other parent were married to each other but file separate returns for 2018 and you had the higher taxable income. You were unmarried, treated as unmarried for income tax purposes, or separated from the child’s other parent by a divorce or separate maintenance decree. The child must have lived with you for most of the year (you were the custodial parent). If you were the custodial parent and you remarried, you can make the election on a joint return with your new spouse (your child’s step-parent). But if you and your new spouse do not file a joint return, you qualify to make the election only if you had higher taxable income than your new spouse. Note: If you and the child’s other parent were not married but you lived together during the year with the child, you qualify to make the election only if you are the parent with the higher taxable income. Deductions You Cannot Take.—If you elect to report your child’s income on your return, you cannot take certain deductions that your child could take on his or her own return such as: •• •• •• Standard deduction of $500. Penalty on early withdrawal of child’s savings. Itemized deductions such as the child’s investment expenses or charitable contributions. If any of the above applies to your child, first figure the tax on your child’s income as if he or she is filing a return. Next, figure the tax as if you are electing to report your child’s income on your return. Then, compare the two methods to determine which results in the lower tax. Investment Interest Expense. —Your child’s income (excluding Alaska Permanent Fund dividends and capital gain distributions) that you report on your return is considered to be your investment income for purposes of figuring your investment interest expense deduction. If your child received Alaska Permanent Fund dividends or capital gain distributions, see federal Publication 550, Investment Income and Expenses, to figure the amount you can treat as your investment income. Additional Information.—For more information, see federal Publication 929, Tax Rules for Children and Dependents. How To Obtain Tax Forms. —Hawaii tax forms, instructions, and schedules may be obtained at any taxation district office or from the Department of Taxation’s website at tax.hawaii.gov, or you may contact the customer service representative at: 808587-4242 or 1-800-222-3229 (Toll-Free). Line-by-Line Instructions Note: Section 235-9.5, HRS, provides that all income earned and proceeds derived from stock options or stock, including stock issued through the exercise of stock options or warrants, from a qualified high technology business or from a holding company of a qualified high technology business by an employee, officer, or director of the qualified high technology business, or investor who qualifies for the high technology business investment tax credit is excluded from income taxes. Also, section 235-7.3, HRS, provides that amounts received by an individual or a qualified high technology business as royalties and other income derived from patents, copyrights, and trade secrets (1) owned by the individual or qualified high technology business, and (2) developed and arising out of a qualified high technology business are excluded from gross income, adjusted gross income, and taxable income. Parent’s Name and Social Security Number.— If you are filing a joint return, enter both names but enter the social security number of the person whose name is shown first on the return. If you are an alien and were issued an individual taxpayer identification number (ITIN) by the IRS, enter your ITIN. If you applied for an ITIN but the IRS has not yet issued the ITIN, write “Applied For.” Line 1a. Enter all taxable interest income your child received in 2018. Do not include tax-exempt interest in the total for line 1a, but be sure to include it on line 1b. If your child received, as a nominee, interest that actually belongs to another person, write the amount and “ND” (for nominee distribution) on the dotted line next to line 1a. Do not include amounts received as a nominee in the total for line 1a. If your child had accrued interest that was paid to the seller of a bond, amortizable bond premium (ABP) allowed as a reduction to interest income, or if any original issue discount (OID) is less than the amount shown on your child’s federal Form 1099OID, enter the nontaxable amount on the dotted Page 2 line next to line 1a, and write “Accrued interest,” “ABP adjustment,” or “OID adjustment,” whichever applies. Do not include any nontaxable amounts in the total for line 1a. Line 1b. If your child received any tax-exempt interest income, such as interest on certain state and municipal bonds, enter the total tax-exempt interest on line 1b. Tax-exempt interest, including any exempt-interest dividends your child received as a shareholder in a mutual fund or other regulated investment company, should be shown in box 8 of federal Form 1099-INT. Line 2. Enter the ordinary dividends your child received in 2018. Ordinary dividends should be shown in box 1a of federal Form 1099-DIV. Also, include ordinary dividends your child received through a partnership, an S corporation, or an estate or trust. Note: Do not include on line 2 any ordinary dividends that are exempt from Hawaii income taxes pursuant to section 235-9.5, HRS. If your child received, as a nominee, ordinary dividends that actually belong to another person, write the amount and “ND” (for nominee distribution) on the dotted line next to line 2. Do not include amounts received as a nominee in the total for line 2. Line 3. Enter the capital gain distributions your child received in 2018. Capital gain distributions should be shown in box 2a of federal Form 1099DIV. Note: Do not include on line 3 any capital gain distributions that are exempt from Hawaii income taxes pursuant to section 235-9.5, HRS. If your child received, as a nominee, capital gain distributions that actually belong to another person, enter the amount and “ND” (for nominee distribution) on the dotted line next to line 3. Do not include amounts received as a nominee in the total for line 3. Line 8. Include this amount on Form N-11, line 10 (if not already included on Form N-11, line 7), or on line 9 of the Capital Gain/Loss Worksheet in the Instructions for Form N-15. Line 9. If you checked the box on line C, add the amounts from line 9 of all Forms N-814 and include the total on Form N-11, line 10 (if not already included on Form N-11, line 7), or on Form N-15, line 19. Be sure to write “Form N-814” and the total of the line 9 amounts in the space next to Form N-15, line 19. Line 12. If you checked the box on line C, add the amounts from line 12 of all Forms N-814 and include the total on Form N-11, line 27, or on Form N-15, line 44. Make sure to indicate that a tax from Form N-814 is included on Form N-11, line 27, or Form N-15, line 44.
Extracted from PDF file 2018-hawaii-form-n-814.pdf, last modified October 2003

More about the Hawaii Form N-814 Corporate Income Tax TY 2018

We last updated the Parent's Election to Report Child's Interest and Dividends in February 2019, so this is the latest version of Form N-814, fully updated for tax year 2018. You can download or print current or past-year PDFs of Form N-814 directly from TaxFormFinder. You can print other Hawaii tax forms here.

Other Hawaii Corporate Income Tax Forms:

TaxFormFinder has an additional 164 Hawaii income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form A-6 Tax Clearance Application
Form N-342 Renewable Energy Technologies Income Tax Credit
Form P-64A Conveyance Tax Certificate
Sch. GE General Excise / Use Tax Schedule of Exemptions and Deductions
Form TA-2 Transient Accommodations Tax Annual Return

Download all HI tax forms View all 165 Hawaii Income Tax Forms


Form Sources:

Hawaii usually releases forms for the current tax year between January and April. We last updated Hawaii Form N-814 from the Department of Taxation in February 2019.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Hawaii Form N-814

We have a total of seven past-year versions of Form N-814 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Form N-814

Form N-814, Rev. 2018, Parent's Election to Report Child's Interest and Dividends

2017 Form N-814

Form N-814, Rev. 2017, Parent's Election to Report Child's Interest and Dividends

2016 Form N-814

Form N-814, Rev. 2016, Parent's Election to Report Child's Interest and Dividends

Forms 2015 - Fillable 2015 Form N-814

Form N-814, Rev. 2015, Parent's Election to Report Child's Interest and Dividends

Forms 2014 - Fillable 2014 Form N-814

Form N-814, Rev. 2014, Parent's Election to Report Child's Interest and Dividends

PDF Form Pack generated by formuPack 2012 Form N-814

PDF Form Pack

Forms 2011 - CD Fillable 2011 Form N-814

Form N-814, Rev. 2011, Parent's Election to Report Child's Interest and Dividends


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