2015 Form 8689 Allocation of Individual Income Tax to the U.S. Virgin Islands

Summary: This is an example of Form 8689 (2015) with these line items completed:

Name(s) shown on Form 1040” field contains Juan and Carla Moreno
Your social security number” number field contains 222-00-2222
Under“Part I: Income From the U.S. Virgin Islands”:
2. Taxable interest” field contains 500
11. Rental real estate, royalties, partnerships, S corporations, trusts, etc.” field contains 6,200
16. Add lines 1 through 15. This is your total income” field contains 6,700
Under“Part II: Adjusted Gross Income From the U.S. Virgin Islands”:
28. Add lines 17 through 27” field contains -0-
29. Subtract line 28 from line 16. This is your adjusted gross income” field contains 6,700
Under“Part III: Allocation of Tax to the U.S. Virgin Islands”:
30. Enter amount from Form 1040, line 61” field contains 4,539
32. Subtract line 31 from line 30” field contains 4,539
33. Enter amount from Form 1040, line 38” field contains 54,901
34. Divide line 29 above by line 33. Enter the result as a decimal (rounded to at least 3 places). Do not enter more than 1.000” field contains .122
35. Multiply line 32 by line 34. This is your tax allocated to the U.S. Virgin Islands” field contains 554
Under“Part IV: Payments of Income Tax to the U.S Virgin Islands”:
37. 2015 estimated tax payments and amount applied from 2011 return” field contains 400
39. Add lines 36 through 38. These are your total payments” field contains 400
40. Enter the smaller of line 35 or line 39. Also, include this amount in the total on Form 1040, line 72. On the dotted line next to line 72, enter Form 8689 and show this amount” field contains 400
44. Amount you owe to the U.S. Virgin Islands. Subtract line 39 from line 35. Enter the amount that you are paying here and on Form 1040, line 72. Next to line 72, enter Form 8689 and the amount paid” field contains 154