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Get your taxes done using TurboTax
Schedule B reports the interest and dividend income you receive during the tax year. However, you don’t need to attach a Schedule B every year you earn interest or dividends. It is only required when the total exceeds certain thresholds. In 2019 for example, a Schedule B is only necessary when you receive more than $1,500 of taxable interest or dividends.
If your interest of dividends is less than $1,500, I suppose you won't see the Schedule B detail but the amount still shows up on your return and is taxed.
March 19, 2020
6:09 PM
503 Views