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To take the credit you must complete Form 8689 and attach it to your Form 1040. Add line 40 and line 45 of Form 8689 and include the amount in the total on Form 1040 line 72. File Form 8689 only if the spouse with the higher AGI is not a bona fide resident of the USVI for the entire tax year. Instructions Purpose of form. Use Form 8689 to figure the amount of U.S. tax allocable to the U.S. Virgin Islands USVI. Subtract line 28 from line 16. This is your USVI adjusted gross income. Attach to Form 1040. Information about Form 8689 and its instructions is at www.irs.gov/form8689. On the dotted line next to line 72 enter Form 8689 and show this amount For Paperwork Reduction Act Notice see Form 1040 instructions. Cat. No. 64603D Form 8689 2013 This page left blank intentionally Section references are to the Internal Revenue Code unless otherwise noted. Future Developments For the latest information about developments related to Form 8689 and its instructions such as legislation enacted after they were published go to www.irs.gov/form8689. 570 has more information and an example of how to complete Form 8689. To get Pub. 570 see Quick and Easy Access to Tax Help and Tax Products in the Instructions for Form 1040. Enter the smaller of line 35 or line 39. 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. Form Department of the Treasury Internal Revenue Service Allocation of Individual Income Tax to the U*S* Virgin Islands OMB No* 1545-0074 Attachment Sequence No* 85 Your social security number Name s shown on Form 1040 Part I Income From the U*S* Virgin Islands USVI Wages salaries tips etc*. Taxable interest. Ordinary dividends. Taxable refunds credits or offsets of local USVI income taxes. Alimony received. Business income or loss. Capital gain or loss. Other gains or losses. IRA distributions taxable amount. Pensions and annuities taxable amount. Rental real estate royalties partnerships S corporations trusts etc* Farm income or loss. Unemployment compensation. Social security benefits taxable amount. Other income. List type and amount Add lines 1 through 15. This is your total USVI income. Educator expenses. Certain business expenses of reservists performing artists and fee-basis government officials. Health savings account deduction Moving expenses. Deductible part of self-employment tax. Self-employed SEP SIMPLE and qualified plans. Penalty on early withdrawal of savings. IRA deduction. Student loan interest deduction. Tuition and fees deduction. Adjusted Gross Income From the USVI Allocation of Tax to the USVI Enter amount from Form 1040 line 61 Enter the total of the amounts from Form 1040 lines 56 57 59a 64a 65 66 and 71 boxes c and d. Include any uncollected social security and Medicare or tier 1 RRTA tax tax on excess golden parachute payments or excise tax on insider stock compensation reported on line 60. Also include any amount from Form 5329 Parts III IV V VI VII or VIII reported on Form 1040 line 58..
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