Employee
04-11-2019
03:30 PM
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Hi,
- Enter the L.A. school district bonds on the Interest Income Smart Worksheet. The 1099-INT will indicate if these bonds are taxable (they're probably tax-exempt). The interest will be reported on Schedule B (if taxable) and Form 1040, line 2.
- Enter the Merrill Lynch money market account on the Interest Income Smart Worksheet (typically taxable). It will be reported on Schedule B and Form 1040, line 2.
- Enter the dividends from Ford on the Dividend Income Smart Worksheet (typically taxable). They will be reported on Schedule B and Form 1040, line 3.
Schedule B is required if you have over $1,500 of taxable interest and dividends.
Thank you,
Mike D'Avolio
Intuit