Fill Out IRS Schedule B (Form 1040) Online
Interest and Ordinary Dividends
Internal Revenue Service
Reports taxable interest and ordinary dividends above the IRS reporting threshold, plus foreign account information.
Reviewed July 2026
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Schedule B (Form 1040), Interest and Ordinary Dividends, lists the payers and amounts behind the interest and dividend totals on your tax return. It is also where you answer the yes-or-no questions about foreign financial accounts and foreign trusts.
You can fill out Schedule B in the Universal PDF editor: type each payer name and amount from your 1099 forms, total the columns, answer Part III, and download the completed PDF.
What is Schedule B used for
Form 1040 only shows single totals for taxable interest and ordinary dividends. Schedule B provides the itemized backup, listing each bank, brokerage, or other payer and the amount received. Part III adds required disclosures about foreign accounts and trusts.
Who needs to file Schedule B
The official instructions list several triggers. The most common is having taxable interest or ordinary dividends above the threshold stated in the instructions. Other situations require Schedule B regardless of the amount.
- Taxable interest or ordinary dividends above the threshold in the official instructions
- Interest from a seller-financed mortgage where the buyer used the property as a personal residence
- Accrued interest on a bond, or original issue discount that differs from the amount on Form 1099-OID
- Reducing interest income for amortizable bond premium
- Claiming the exclusion for series EE or I savings bond interest used for education
- Receiving interest or dividends as a nominee for someone else
- Having a financial interest in or signature authority over a foreign financial account, or receiving distributions from or transferring assets to a foreign trust
How to fill out Schedule B
Have your Forms 1099-INT, 1099-OID, and 1099-DIV in front of you, then complete the three parts in order.
- Part I: list each interest payer and amount on its own line, total them, and carry the total to Form 1040
- Part II: list each payer of ordinary dividends and the amount, total them, and carry the total to Form 1040
- Part III: answer the foreign account questions, and if you had a foreign account, name the country and check whether you must also file FinCEN Form 114 (the FBAR)
- For nominee amounts, subtotal first, subtract the nominee portion, and label it as shown in the instructions
How Schedule B attaches to Form 1040
The Part I total flows to the taxable interest line of Form 1040 and the Part II total flows to the ordinary dividends line. Attach Schedule B behind Form 1040 in sequence order when filing on paper. Note that qualified dividends still appear on Form 1040 separately for the tax calculation.
Frequently asked questions
Not usually. Schedule B is required once combined taxable interest or ordinary dividends exceed the threshold in the official instructions, or when a special situation such as a foreign account applies.
No. Schedule B, Part III asks about foreign accounts, but the FBAR (FinCEN Form 114) is a separate filing with its own rules and is submitted to FinCEN, not with your tax return.
All ordinary dividends, including the qualified portion, are listed in Part II. The qualified amount is also entered on its own line on Form 1040 because it is taxed at capital gains rates.
List the full amount, then subtract the portion that belongs to the other person using the nominee procedure in the instructions, and issue that person a Form 1099-INT if required.
Yes. Open the schedule in the Universal PDF editor, list your payers and amounts, answer Part III, and download the finished PDF for filing or your records.
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