mdavolio
Employee
Employee

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