You need to complete the schedule B if any of the following conditions apply:
- You have over $1,500 of taxable interest or ordinary dividends
- Receipt of interest from a seller-financed mortgage and the buyer used the property as a personal residence
- You have accrued interest from a bond
- You report original issue discount (OID) less than the amount shown on Form 1099-OID
- You reduce interest income on a bond by the amount of amortizable bond premium
- You claim an exclusion of interest from series EE or I U.S. savings bonds issued after 1989
- You receive interest or ordinary dividends as a nominee.
- You have certain interest in a financial account in a foreign country or a foreign trust
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