2020 – 2021 Schedule B | Interest and Ordinary Dividends

Fill out 2020 – 2021 Schedule B – Interest and Ordinary Dividends to report the taxable interest or ordinary dividends earned during the tax year. Schedule B is mandatory if the total income earned from taxable interests and ordinary dividends exceeds $1,500. The income reported on Schedule B will add up to the gross income which the taxpayer can then take the adjustments and deductions to lower taxable income.