Print conditions for Schedule B (1040)

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To print Schedule B, at least one of the following must be included, click the item below to see how to enter that type of item:

  • Seller-financed mortgage income
    Enter Seller-financed mortgage income in the Seller-financed mortgage interest income field on the B&D screen, in the Income folder. Complete the other columns as necessary. For more information, see Seller-financed mortgage interest.
  • Over $1,500 of taxable interest or dividends
    Enter at least $1,500 of cumulative income in the Interest income and/or Dividend income statement fields on the B&D screen, in the Income folder. Complete the other columns as necessary.
  • Nominee interest or dividends
    Enter income as a nominee in the Interest income and/or Dividend income statement fields on the B&D screen, in the Income folder. In the Type code column select, 3: Nominee distribution. Complete the other columns as necessary.
  • Accrued interest
    Enter accrued interest in the Interest income statement field on the B&D screen, in the Income folder. In the Type code column select, 4: Accrued interest. Complete the other columns as necessary.
  • Original Issue Discount (OID) adjustment
    Enter OID adjustments in the Interest income statement field on the B&D screen, in the Income folder. In the Type code column select, 5: Original Issue Discount (OID) adjustment. Complete the other columns as necessary.
  • Amortizable Bond Premium (ABP) adjustment
    Enter ABP adjustments in the Interest income statement field on the B&D screen, in the Income folder. In the Type code column select, 6: Amortizable Bond Premium adjustment. Complete the other columns as necessary.
  • An exclusion of interest from series EE or I U.S. savings bonds issued after 1989
    Enter series EE and I bonds in the Interest income statement field on the B&D screen, in the Income folder. In the Type code column select, 7: Series EE and I bonds eligible for Form 8815. Complete the other columns as necessary. For more information, see Series EE or I bond interest.

Note: To always print Schedule B regardless of these conditions, choose Setup > 1040 Individual, click the Tax Return button, and highlight Schedule B in the desired return collation, and click the Always if data option.


Related articles

Form 1099-INT data entry (1040)

Form 1099-OID data entry (1040)

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