Page 92 - Interest Income - Individuals Handbook
P. 92

Schedule B                                                                          Your taxable interest
                                                                                             income is more than
                                                                                             $1,500.
         (Form 1040)                                                                         You are claiming the

                                                                                             interest exclusion
                                                                                             under the Education
         You must also complete Schedule B                                                   Savings Bond Program
         (Form 1040), Part I, if you file Form
         1040 or 1040-SR and any of the                                                      You received interest from
                                                                                             a seller-financed mortgage,
         following apply.                                                                    and the buyer used the
                                                                                             property as a home..
                                                                                             You received a Form 1099-
                                                                                             INT for U.S. savings bond
                                                                                             interest that includes
                                                                                             amounts you reported in a
                                                                                             previous tax year.
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