Use Schedule B (Form 1040) if any of the following applies: You had over $1,500 of taxable interest or ordinary dividends. You received interest from a seller-financed mortgage and the buyer used the property as a personal residence. You have accrued interest from a bond. You are reporting original issue discount (OID) in an amount less than the amount shown on Form 1099-OID. You are reducing your interest income on a bond by the amount of amortizable bond premium. You are claiming the exclusion of interest from series EE or I U.S. savings bonds issued after 1989. You received interest or ordinary dividends as a nominee. You had a financial interest in, or signature authority over, a financial account in a foreign country or you received a distribution from, or were a grantor of, or transferor to, a foreign trust. Part III of the schedule has questions about foreign accounts and trusts. Current Revision Schedule B (Form 1040) PDF Instructions for Schedule B (Form 1040) | Print Version PDF | eBook (epub) EPUB Recent Developments None at this time. Other Items You May Find Useful All Schedule B (Form 1040) Revisions About Publication 17, Your Federal Income Tax Other Current Products Related About Form 1040, U.S. Individual Income Tax Return About Form 1040-SR, U.S. Tax Return for Seniors About Form 1096, Annual Summary and Transmittal of U.S. Information Returns About Form 1099-DIV, Dividends and Distributions About Form 1099-INT, Interest Income About Form 1099-OID, Original Issue Discount About Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts About Form 5471, Information Return of U.S. Persons With Respect To Certain Foreign Corporations About Form 6251, Alternative Minimum Tax - Individuals About Form 8815, Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989 About Form 8938, Statement of Specified Foreign Financial Assets