Turbotax didnt include schedule B in my tax return. Now nobody helps or i cannot get refund either

[abtb00]

I finished entering my information including my dividends. It shows my dividends on form 1040. But it did nto include a schedule B. Where is my schedule B???? and although I asked it nobody is helping

And I am a US citizen in a foreign country. (my dividend was from a US source though)

Now nobody helps me, and I cannot get a hold of anyone by phone and the system doesnt call my foreign number and when i tried the keyword "refund from turbotax" it says that I already printed it so it means I ws satisfied so they will not give refund. but NO, I had NOT seen the final printout when I paid and the final printout does NOT include schedule B although it is supposed to and no I am NOT satified and nobody is helping me. I want to see schedule B in my tax return or get a refund. Simple as that! I paid $90 for this!! I can not even talk to anyone !!! 

[ReginaM · Accepted solution]

A Schedule B is not necessarily required to be prepared and/or submitted with your tax return.  Did you have more than  $1,500 of taxable interest or ordinary dividends?

According to the IRS, you need a Schedule B 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) of less than the amount shown on Form 1099-OID.
• You are reporting interest income of less than the amount shown on a Form 1099 due to 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.

IRS Schedule B Instructions

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[abtb00]

No my interest and dividend is way lower than 1500. and the other things also dont apply to me. So that is why Turbotax didn't include Schedule B automatically?

But then why did the other software I used before Turbotax included schedule B in my tax return? (I stopped using the other software because they showed something else in the wrong line and couldn't fix it) Most importantly on schedule B there are questions line 7a and 8, they don't need to be shown to IRS? (for me they are both "NO" but still)

[GiseleD]

If you did not meet the requirements to file a Schedule B, then TurboTax did not include it. During the TurboTax interview process, you will be asked questions that help determine if a Schedule B is required. This includes lines 7 and 8. There is a question about foreign accounts/holdings in the interview.

Regarding the other software, I cannot advise on why it included a form that you did not need. 

Here are the Schedule B requirements:

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.

[CA261]

Looking for clarification on schedule B filling requirement.  Is the $1500 threshold reached by the combined total of interest plus dividends or is the $1500 threshold indicating that if one OR the other (interest or dividends) is more that $1500 then a schedule B must be filed?

[JohnW152]

You'll need to file Schedule B if you had a total of over $1,500 of taxable interest and/or ordinary dividends, combined. 

See Line 2b, Taxable Interest in the Instructions for Form 1040 and the Instructions for Schedule B for more information.

[CA261]

Thank you for the reply!  In looking back at my 2022 return I completed through Turbo Tax I did have a combined total of interest and divdends over $1500, but did not see a schedule B attached to the return Turbo Tax provided for me to print/save when I filed.  Does this mean my schedule B was not filed even though it sounds like it should have been?

[VolvoGirl]

No that answer was wrong.  It's if either interest OR Dividends are over $1,500 you need Schedule B.  

[CA261]

Ok so to confirm.... either interest OR dividends must be over $1500 to require a schedule B to be filed?  A scenario where interest total is below $1500 and dividend total is below $1500 but their combined amount is over $1500 would NOT require a schedule B to be filed???

[VolvoGirl]

Right.  See top of Schedule B instructions 

https://www.irs.gov/pub/irs-pdf/i1040sb.pdf 

[CA261]

Thank you!