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Get Irs 1040 - Schedule B 2018
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How to fill out the IRS 1040 - Schedule B online
Filling out the IRS 1040 - Schedule B is essential for reporting interest and ordinary dividends received over the tax year. This guide will provide a clear and supportive walkthrough of the form's sections to ensure accurate and efficient completion online.
Follow the steps to successfully complete your Schedule B form.
- Press the ‘Get Form’ button to obtain the IRS 1040 - Schedule B form and open it in the designated online editor.
- Enter your social security number in the specified field at the top of the form. This is necessary for the IRS to identify your submission.
- Provide the names of the payers for any interest or ordinary dividends received. Refer to Form 1099-INT or Form 1099-DIV if applicable, listing the firm's name as the payer.
- In Part I, report the amount of interest earned, including any specific interest from seller-financed mortgages, if applicable.
- Continue in Part I by adding the amounts reported and calculating any excludable interest based on U.S. savings bonds. Attach Form 8815 if required.
- Complete the Ordinary Dividends section by filling in the amount received from relevant payers.
- Part III is mandatory if your total interest or ordinary dividends exceed $1,500. Answer questions regarding foreign accounts and trusts.
- If applicable, indicate if you had financial interest or authority over a foreign account. Provide the foreign country name if required.
- Finally, review all entries for accuracy before saving your changes. Once reviewed, you can download, print, or share the completed form.
Start filling out your IRS 1040 - Schedule B online today to ensure accurate reporting of your income.
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You can locate your interest income on your Form 1099-INT provided by your bank or financial institution. This form summarizes the interest you earned in the year. Make sure to include this information when completing your IRS 1040 - Schedule B.
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