Schedule B (Form 1040) Interest and Dividends Form (2025): Edit Online Free & Download PDF
Interest and Dividends Form: Interest and Ordinary Dividends
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Schedule B (Form 1040) in short
Schedule B lists the payers of your taxable interest and ordinary dividends when the total is over $1,500 or another listed situation applies. Its Part III asks yes or no questions about foreign financial accounts and foreign trusts. The totals go to Form 1040 or 1040-SR, lines 2b and 3b. The current version is for tax year 2025.
| Issued by | Internal Revenue Service (IRS) |
|---|---|
| Current version | 2025 (checked 2026-10-25) |
| Who fills it in | Form 1040 or 1040-SR filers who had over $1,500 of taxable interest or ordinary dividends, received seller-financed mortgage interest from a buyer who used the property as a home, received interest or dividends as a nominee, are reporting accrued interest, OID or bond premium adjustments, are excluding savings bond interest, or had a foreign financial account or a foreign trust connection. |
| Who receives it | The IRS, as an attachment to your Form 1040 or 1040-SR. |
| Where to send it | Attach it to your Form 1040 or 1040-SR and file it with your return. FinCEN Form 114 (FBAR) is not attached; the instructions say it is filed electronically with FinCEN. Form 3520 is also filed separately at the address in its own instructions. |
| Deadline | Filed with your 2025 income tax return. The Form 1040 instructions give April 15, 2026, as the due date for most 2025 calendar year returns, not counting extensions. |
| Official links | Official page · Official PDF · Official instructions |
How to fill out Schedule B (Form 1040), line by line
| Line 1 | Interest payers and amounts List each payer of taxable interest and the amount, usually from Forms 1099-INT and 1099-OID. For a brokerage statement, list the firm as the payer. List seller-financed mortgage interest first, with the buyer's name, address, and SSN. |
| Line 2 | Total interest Add the amounts on line 1. Nominee, accrued interest, OID, and bond premium adjustments are shown as a subtotal and a labeled subtraction under the last entry on line 1. |
| Line 3 | Excludable savings bond interest Interest on series EE and I savings bonds issued after 1989 that you can exclude because you paid qualified higher education expenses. Attach Form 8815. |
| Line 4 | Taxable interest Line 2 minus line 3. This goes on Form 1040 or 1040-SR, line 2b. |
| Line 5 | Dividend payers and amounts List each payer of ordinary dividends, usually box 1a of Form 1099-DIV. |
| Line 6 | Total ordinary dividends Add line 5. This goes on Form 1040 or 1040-SR, line 3b. |
| Line 7a | Foreign financial accounts Question 1 asks if you had a financial interest in or signature authority over a foreign account at any time in 2025. Answer Yes even if you do not have to file an FBAR. Question 2 asks if you are required to file FinCEN Form 114. |
| Line 7b | Countries of the accounts If you must file FinCEN Form 114, list the country or countries where the accounts are located. |
| Line 8 | Foreign trusts Answer whether during 2025 you received a distribution from, or were the grantor of or transferor to, a foreign trust. If Yes, you may have to file Form 3520. |
Common mistakes to avoid
- Putting tax-exempt interest, such as municipal bond interest, on line 1. It goes on Form 1040 or 1040-SR, line 2a.
- Leaving out the buyer's name, address, and SSN for seller-financed mortgage interest. The instructions mention a possible $50 penalty.
- Subtracting nominee or accrued interest without showing the subtotal and the labeled subtraction the instructions describe.
- Skipping Part III when you had a foreign account. You must complete it if you had a foreign account, even if your interest and dividends are under $1,500.
- Answering No on line 7a because you think no FBAR is due. The first question is about having the account, not about the FBAR.
- Attaching FinCEN Form 114 or Form 3520 to the return. Both are filed separately.
- Entering a dividend amount other than box 1a of Form 1099-DIV on line 5. The instructions say line 5 is ordinary dividends from box 1a.
Questions about Schedule B (Form 1040)
Do I need Schedule B if I only had a little bank interest?
Not if your taxable interest and ordinary dividends are each $1,500 or less and no other listed situation applies, such as a foreign account or nominee income.
When do I have to complete Part III?
If you had over $1,500 of taxable interest or ordinary dividends, had a foreign financial account, or received a distribution from, or were a grantor of or transferor to, a foreign trust.
When is an FBAR required?
The Schedule B instructions say a U.S. person with a financial interest in or signature authority over foreign accounts must file FinCEN Form 114 if the combined value exceeds $10,000 at any time during 2025. See FinCEN for the full rules.
Can I list several payers in one entry space?
Yes. Show the amount next to each payer's name and put the total in the Amount column. If you need more space, attach statements in the same format with your name and SSN.
Is an account at a foreign bank's U.S. branch a foreign account?
No. The instructions say an account is foreign if it is physically located outside the United States, such as at an overseas branch of a U.S. bank.
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Checked against the official sources on 2026-10-25. PDF Editor Hub is not affiliated with the Internal Revenue Service or any government agency. This page is general information, not legal or tax advice.