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How do I report dividends and interest?

If your taxable interest income is more than $1,500 or you received interest as a nominee for the real owner, you must also include that income on Schedule B (Form 1040), Interest and Ordinary Dividends and attach it to your tax return.

How are LLCs taxed in New Hampshire?

By default, single-member LLCs in New Hampshire are taxed as Sole Proprietorships by the IRS, and by default, multi-member LLCs in New Hampshire are taxed as Partnerships by the IRS.

Did New Hampshire extend tax deadline?

After much consideration and review, the tax deadline for the State of New Hampshire will remain April 15, 2021.

Do I need to report interest and dividends?

If your taxable interest income is more than $1,500 or you received interest as a nominee for the real owner, you must also include that income on Schedule B (Form 1040), Interest and Ordinary Dividends and attach it to your tax return.

Where is interest and dividend on 1040?

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.

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