Instructions for IRS Form 1040 Schedule B Interest and Ordinary Dividends

IRS Form 1040 (1040-SR) Schedule B Interest and Ordinary Dividends

This document contains official instructions for IRS Form 1040 Schedule B, Interest and Ordinary Dividends - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1040 (1040-SR) Schedule B is available for download through this link.

FAQ

Q: What is Form 1040 Schedule B?
A: Form 1040 Schedule B is a tax form used to report interest and ordinary dividends.

Q: What types of income are reported on Schedule B?
A: Schedule B is used to report interest income, ordinary dividends, and certain other types of taxable income.

Q: When do I need to file Schedule B?
A: You need to file Schedule B if you have more than $1,500 of taxable interest or ordinary dividends, or if you received interest or dividends from a foreign source.

Q: What information do I need to complete Schedule B?
A: You will need to know the amount of interest and dividends you received, as well as any foreign tax paid on the income.

Q: Can I e-file Schedule B?
A: Yes, you can e-file Schedule B along with your tax return.

Q: Do I need to attach any documents to Schedule B?
A: You generally do not need to attach any documents to Schedule B, but you should keep documentation for your records.