Fo. 8689

Fo. 8689 Department of the Treasury Internal Revenue Service Name(s) sham) on Forrn 1040 Allocation of Individual Income Tax to the U.S. Virgin Islands ► Attach to Form 1040. Ili, Go to www.ks.govIForm86139 for the latest information. OMB No. 1545-0074 2018 Attachment Sequence No. 85 Part I Your social security number Income From the U.S. Virgin Islands (USVI) 1 Wages, salaries, tips, etc. 1 2 Taxable interest 2 3 Ordinary dividends 3 4 Taxable refunds, credits, or offsets of local USVI income taxes 4 5 Alimony received 5 6 Business income or (loss) 6 7 Capital gain or (loss) 7 8 Other gains or (losses) 8 9 IRA distributions (taxable amount) 9 10 Pensions and annuities (taxable amount) 10 11 Rental real estate, royalties, partnerships, S corporations, trusts, etc 11 12 Farm income or (loss) 12 13 Unemployment compensation 13 14 Social security benefits (taxable amount) 14 15 Other income. List type and amount O. 15 16 Add lines 1 through 15. This is your total USVI Income . . . . ► 16 Part II Adjusted Gross Income From the USVI 17 Educator expenses 18 Certain business expenses of reservists, performing artists, and 17 fee-basis government officials 18 19 Health savings account deduction 19 20 Moving expenses for members of the armed forces 20 21 Deductible part of self-employment tax 21 22 Self-employed SEP, SIMPLE, and qualified plans 22 23 Self-employed health insurance deduction 23 24 Penalty on early withdrawal of savings 24 25 IRA deduction 25 26 Student loan interest deduction 26 27 Tuition and fees deduction (see instructions) 27 28 Add lines 17 through 27 29 Subtract line 28 from line 16. This is your USVI adjusted gross income ► LC= Allocation of Tax to the USVI 30 Enter amount from Form 1040, line 15 31 Enter total of certain amounts from Form 1040. See instructions on page 4 for amount to enter 32 Subtract line 31 from line 30 33 Enter amount from Form 1040, line 7 133 I 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 35 Multiply line 32 by line 34. This is your tax allocated to the USVI LICIila 28 29 30 31 32 34 35 x Payments of Income Tax to the USVI 36 Income tax withheld by the USVI 37 2018 estimated tax payments and amount applied from 2017 return 38 Amount paid with Form 4868 (extension request) 39 Add lines 36 through 38. These are your total payments to the USVI ► 40 Enter the smaller of line 35 or line 39. Include this amount in the total on Form 1040, line 18 On the dotted line next to line 18, enter "Form 8689" and show this amount 37 38 39 40 41 42 44 45 41 Overpayment to the USVI. If line 39 is more than line 35, subtract line 35 from line 39 . . . . 42 Amount of line 41 you want refunded to you ► 43 Amount of line 41 you want applied to your 2019 estimated tax . . I 43 I 44 Amount you owe to the USVI. If line 39 is less than line 35, subtract line 39 from line 35 . . . . 45 Enter the amount from line 44 that you will pay when you file your income tax return. Include this amount in the total of Form 1040, line 18. On the dotted line next to line 18, enter "Form 8689" and show this amount For Paperwork Reduction Act Notice, see the Form 1040 instructions. Form 8689 (1018) 36 EFTA01222820