Schedule B
Schedule B
Interest and Ordinary Dividends
Every line is explained below in plain English — click any line to see what it means, who needs to fill it in, and what people commonly overlook.
Interest
- 1 Interest Income List The itemized list of every payer who paid you taxable interest during the year, along with the dollar amount from each.
- 3 Excludable Savings Bond Interest The amount of Series EE or I U.S. savings bond interest you exclude from income because you used the bond proceeds to pay qualified higher education...
- 4 Total Interest The sum of all taxable interest listed in Part I. This total carries to Form 1040 line 2b.
Ordinary Dividends
Foreign Accounts and Trusts
- 7a Foreign Accounts Question A yes-or-no question: did you have a financial interest in or signature authority over a financial account in a foreign country at any time during the...
- 8 Foreign Trust Question A yes-or-no question: did you receive a distribution from, or were you the grantor of or transferor to, a foreign trust during the year?