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What is IRS Form Schedule 2? high-income taxpayers who owe alternative minimum tax (AMT) taxpayers who need to repay a portion of a tax credit for the health insurance marketplace. taxpayers who owe taxes in addition to standard income taxes such as self-employment taxes.
Form 1099-DIV is used by banks and other financial institutions to report dividends and other distributions to taxpayers and to the IRS.
Schedule B is an IRS tax form that must be completed if a taxpayer receives interest income and/or ordinary dividends of more than $1,500 during the tax year. The schedule must accompany a taxpayers Form 1040 when its required. Taxpayers can use information from Forms 1099-INT and 1099-DIV to complete Schedule B.
Schedule B reports the interest and dividend income you receive during the tax year. However, you dont need to attach a Schedule B every year you earn interest or dividends. It is only required when the total exceeds certain thresholds.
Reporting interest income on your tax return You should report tax-exempt and taxable interest on your income tax return (lines 2a and 2b of the 1040). You may also be required to file Schedule B, if your taxable income is more than $1,500 or under certain other conditions (see the form instructions).
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Enter the ordinary dividends from box 1a on Form 1099-DIV, Dividends and Distributions on line 3b of Form 1040, U.S. Individual Income Tax Return, Form 1040-SR, U.S. Tax Return for Seniors or Form 1040-NR, U.S. Nonresident Alien Income Tax Return.
Interest income is typically reported to you on Form 1099-INT (Interest) or Form 1099-OID (Original Issue Discount). Dividend income is typically reported on Form 1099-DIV (Dividend).

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