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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.
Most taxpayers need to file Schedule B when they receive $1,500 or more in interest or dividend income during the year. You also use Schedule B to notify the IRS when you have foreign bank accounts and other foreign financial interests.
Use Schedule B (Form 1040) if any of the following applies. You had over $1,500 of taxable interest or ordinary dividends. property as a personal residence. You have accrued interest from a bond.
The IRS doesnt need you to report tax-exempt interest separately on Schedule B.
Report dividend income on your 2022 tax returnForm 1040 in the following places: Ordinary dividends are reported on Line 3b. Qualified dividends are reported on Line 3a.

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Go to Income/Deductions Interest. In section 1 - Interest (Schedule B), click Detail. Input lines 2-8 - Payers name and address. Line 4 - 1. In section 3 - Special Interest. Line 1 - Special Interest/Amount, enter accrued interest adjustment amount. Line 2 - Special Interest/type, enter 5.
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.
Also include on line 2a of your Form 1040 or 1040-SR any exempt-interest dividends from a mutual fund or other regulated investment company. This amount should be shown in box 12 of Form 1099-DIV. If an amount is shown in box 9 of Form 1099-INT, you must generally re- port it on line 2g of Form 6251.

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