About Schedule B (Form 1040), Interest and Ordinary Dividends | Internal Revenue Service
Summary: Schedule B (Form 1040) is an IRS tax form used by individuals to report taxable interest and ordinary dividends, particularly when totals exceed $1,500 or involve foreign financial accounts and trusts.
The 2025 Schedule B (Form 1040) is an attachment to the U.S. Individual Income Tax Return. It is required for taxpayers who have over $1,500 in taxable interest or ordinary dividends, or who have specific financial interests such as foreign accounts or foreign trusts. The form is divided into three parts: Part I for interest income, Part II for ordinary dividends, and Part III for reporting foreign accounts and trusts. It includes specific instructions for reporting interest from seller-financed mortgages, U.S. savings bonds, and brokerage firm statements.
Document outline
1. Part I: Interest 2. Part II: Ordinary Dividends 3. Part III: Foreign Accounts and Trusts 4. Instructions for reporting brokerage statements 5. Requirements for FinCEN Form 114 and Form 8938