General Instructions

Official source

Use Schedule B (Form 1040) if any of the following applies.

You had over $1,500 of taxable interest or ordinary dividends.

You received interest from a seller-financed mortgage and the buyer used the property as a personal residence.

You have accrued interest from a bond.

You are reporting original issue discount (OID) of less than the amount shown on Form 1099-OID.

You are reporting interest income of less than the amount shown on a Form 1099 due to 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.

You can list more than one payer on each entry space for lines 1 and 5, but be sure to clearly show the amount paid next to each payer’s name. Add the separate amounts paid by the payers listed on an entry space and enter the total in the “Amount” column. If you still need more space, attach separate statements using the same format as lines 1 and 5, but show your totals on Schedule B. Put your name and social security number (SSN) on the statements and attach them at the end of your return.

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General Instructions

Official source

Use Schedule B (Form 1040) if any of the following applies.

You had over $1,500 of taxable interest or ordinary dividends.

You received interest from a seller-financed mortgage and the buyer used the property as a personal residence.

You have accrued interest from a bond.

You are reporting original issue discount (OID) of less than the amount shown on Form 1099-OID.

You are reporting interest income of less than the amount shown on a Form 1099 due to 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.

You can list more than one payer on each entry space for lines 1 and 5, but be sure to clearly show the amount paid next to each payer’s name. Add the separate amounts paid by the payers listed on an entry space and enter the total in the “Amount” column. If you still need more space, attach separate statements using the same format as lines 1 and 5, but show your totals on Schedule B. Put your name and social security number (SSN) on the statements and attach them at the end of your return.