Federal Income Tax Schedule B
|Download Schedule B (PDF)||Federal Interest and Ordinary Dividends updated 05/2012|
Printable Federal Income Tax Schedule B
You should use Schedule B if any of the following apply: -You earned over $1,500 of taxable income. -You receieved interest from a seller-financed mortgage and the buyer used the property as a personal residence. -You accured interest from a bond. -You are reporting original issue discount (OID) in an amount less than the amount shown on Form 1099-OID. -You are reducing your interest income on a bond by the amount of amortizable bond premium. -You are claiming the exclusion of interest from series EE or I U.S. savings bonds issued after 1989. -You received interest or ordinary dividends as a nominee. -You had a financial interest in, or signature authority over, a financial account in a foreign country or you received a distribution from, or were a grantor of, or transferor to, a foreign trust. The Instructions are included in this pdf. For more information, see the Federal Income Tax page.