I have interest income of $349.68 (reported on form1099 INT). Do I have to fill out Schedule B, or is this....

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I have interest income of $349.68 (reported on form1099 INT). Do I have to fill out Schedule B, or is this....

amount not enough to have to report?

2007-04-03 10:47:27 · 3 answers · asked by tess 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

No you just have to list it on line 8. You only use B when it reaches a total of $1,500 or more.

2007-04-03 10:58:32 · answer #1 · answered by whalenfree 3 · 2⤊ 0⤋

You have to report it on the interest line of whatever 1040 version you file, but no, the amount isn't enough to require a schedule B.

2007-04-03 17:59:50 · answer #2 · answered by Judy 7 · 1⤊ 0⤋

you don't need to fill out the Schedule B until your total interest income exceeds $1,500. but you have to report the interest as income ,, any amount...

2007-04-03 17:53:30 · answer #3 · answered by Jeff 3 · 2⤊ 0⤋