FOCUSGuy
Level 3
12-07-2019
01:11 AM
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My Form 1098-INT shows:
CD 100
Money Market Checking 100
Total 200
Is there a best practice for if I should show the two (2) line items on Schedule B, or only the total?
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Level 15
12-07-2019
01:11 AM
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Completely up to you.
IRS is just looking at total interest reported to them matches the total interest reported on the tax return.
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FOCUSGuy
Level 3
12-07-2019
01:11 AM
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Thank you. Understood.