Tax Form 1040 Schedule B Calculator

Form 1040 Schedule B: Interest and Ordinary Dividends

Use Tax Form 1040 Schedule B: Interest and Ordinary Dividends as a stand alone tax form calculator to quickly calculate specific amounts for your 2024 tax return.

Schedule B: Interest and Ordinary Dividends
Part I Interest	1	List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see instructions on back and list this interest first. Also, show that buyer’s social security number and address ▶














	2	Add the amounts on line 1
	3	Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815 🖩
	4	Note: If line 4 is over $1,500, you must complete Part III. Subtract line 3 from line 2. Enter the result here and on Form 1040A, or Form 1040, line 8a
	Note: If line 4 over $1500 you must complete Part III.		Amount

Part II Ordinary Dividends	5	List name of payer ▶















	6	Add the amounts on line 5. Enter the total here and on Form 1040A, or Form 1040, line 9a
	Note: If line 6 is over $1500 you must fill Part III.		Amount

Part III Foreign Accounts and Trusts	You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust.		Yes	No
	7a	At any time during 2015, did you have a financial interest in or signature authority over a financial account (such as a bank account, securities account, or brokerage account) located in a foreign country? See instructions
	7b	f “Yes,” are you required to file FinCEN Form 114 🖩, Report of Foreign Bank and Financial Accounts (FBAR), to report that financial interest or signature authority? See FinCEN Form 114 🖩 and its instructions for filing requirements and exceptions to those requirements If you are required to file FinCEN Form 114 🖩, enter the name of the foreign country where the financial account is located ▶ ...............................................
	8	During 2015, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust? If “Yes,” you may have to file Form 3520 🖩. See instructions on back of Schedule B

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