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General Information
- What is the form number? Form 1040 Schedule B
- What government agency is it filed with? The Internal Revenue Service (IRS)
- What is the form name? Interest and Ordinary Dividends
- What is this form about? Schedule B is a supplemental form associated with Form 1040 that U.S. taxpayers use to report interest and ordinary dividend income. It provides spaces for detailing both tax-exempt and taxable interest received, as well as ordinary dividends. Completing Schedule B is necessary if a taxpayer receives interest or dividend income above certain thresholds or from specific sources. The totals from Schedule B are then transferred to the main Form 1040 to be included in the taxpayer's overall income calculation for the year.
What does it look like?
Resources
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Looking for more information about this or other tax forms? The tax team at DiMercurio Advisors are tax compliance experts. We are passionate about ensuring you are well-informed and in control of your tax situation.