Schedule B (Form 1040) Interest and Ordinary Dividends is automatically generated by TurboTax when you enter certain income. The schedule may also be added when you import 1099-DIV.
- You may not have entered all the required information in TurboTax. Go back and review what you entered in the 1099-DIV section.
- Enter your resident state if you don't know the source of the dividends.
Per IRS: 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.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
