Interest and Ordinary Dividends

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 2023 tax return. Form 1040 Schedule B: Interest and Ordinary Dividends is also integrated into our comprehensive US Tax Calculator where you can complete and save your calculations for later use. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.

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

Tip: use the US Tax Calculator to edit your refundable and non-refundable tax credits including Form 1040 Schedule B: Interest and Ordinary Dividends. Complete, Calculate, print and or save your tax calculation for later use.

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