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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 1040 Schedule B
for the current year.
IRS Form 1040 Schedule B Interest and Ordinary Dividends
What Is IRS Form 1040 Schedule B?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 1040, U.S. Individual Income Tax Return. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 1040 Schedule B?A: IRS Form 1040 Schedule B is a form used to report interest and ordinary dividends.
Q: When is IRS Form 1040 Schedule B used?A: IRS Form 1040 Schedule B is used when you have received interest or ordinary dividends over a certain threshold.
Q: What is the purpose of IRS Form 1040 Schedule B?A: The purpose of IRS Form 1040 Schedule B is to report your interest and ordinary dividends to the IRS.
Q: Do I need to file IRS Form 1040 Schedule B?A: You need to file IRS Form 1040 Schedule B if you meet the criteria for reporting interest or ordinary dividends.
Q: What information do I need to complete IRS Form 1040 Schedule B?A: To complete IRS Form 1040 Schedule B, you will need information about your interest and ordinary dividends, such as the amounts received and the payer's information.
Q: Can I e-file IRS Form 1040 Schedule B?A: Yes, you can e-file IRS Form 1040 Schedule B along with your tax return.
Q: What happens if I don't file IRS Form 1040 Schedule B?A: If you are required to file IRS Form 1040 Schedule B and fail to do so, you may face penalties and interest on any unreported income.
Q: Is reporting interest and ordinary dividends on IRS Form 1040 Schedule B taxable?A: Yes, the interest and ordinary dividends reported on IRS Form 1040 Schedule B are subject to federal income tax.
Q: Are there any exceptions or special rules for reporting interest and ordinary dividends on IRS Form 1040 Schedule B?A: Yes, there may be certain exceptions or special rules for reporting specific types of interest or dividends. It is recommended to consult the instructions for IRS Form 1040 Schedule B or seek professional tax advice for specific circumstances.
Form Details:
- A 1-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 1040 Schedule B through the link below or browse more documents in our library of IRS Forms.
