Iowa Schedule B
Extracted from PDF file 2016-iowa-ia-1040-b.pdf, last modified July 2016
Schedule B2016 IA 1040 Schedule B Interest and Dividend Income https://tax.iowa.gov Name(s) __________________________________________________ Social Security Number __________________ Note: You must report all taxable interest and dividends on IA 1040 even if you are not required to complete Schedule B. Total Taxable Interest and Dividends: Filing status 1, 2, 5, or 6 – the amount entered in column A on the IA 1040 will be the total taxable interest and dividends from accounts owned by the taxpayer; nothing is reported in column B. Filing status 3 – the amount entered in column A on the IA 1040 will be the total taxable interest and dividends from accounts owned by the taxpayer, plus 50% of any amount from a joint account. The amount entered in column B on the IA 1040 will be the total taxable interest and dividends from accounts owned by the spouse, plus 50% of any amount from a joint account. Filing status 4 – the amount entered in column A on the IA 1040 will be the total taxable interest and dividends from accounts owned by the taxpayer, plus 50% of any amount from a joint account; nothing is reported in column B. Account Ownership: For each payer, indicate the type of account ownership. If the interest and/or dividends were earned by you, check “Taxpayer.” For interest and/or dividends earned by your spouse, check “Spouse.” If the interest and/or dividends were earned jointly, check “Joint.” Check only one for each payer. Part I: Interest Income Complete Part I if you received more than $1,500 in interest in 2016. Interest income which should be reported includes earnings from savings and loan associations, mutual savings banks, cooperative banks, credit unions, and bank deposits; state and municipal bonds (see instructions for IA 1040, line 2, Taxable Interest Income), and interest from tax refunds. Report total, exempt, and taxable interest. Name of Payers List names of all payers. If additional lines are needed, include additional page. Total Interest (must equal the total of Exempt & Taxable Interest) Interest Exempt from Iowa Tax $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Total taxable interest entered on line 2 of the IA 1040 .......$ $ $ Taxable Interest Taxpayer Spouse Joint Part II: Dividend Income Complete Part II if you received more than $1,500 in gross dividends in 2016. Report total, exempt, and taxable dividends. Name of Payers List names of all payers. If additional lines are needed, include additional page. Total Dividends (must equal the total of Exempt & Taxable Dividends) Dividends Exempt from Iowa Tax $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Total taxable dividends entered on line 3 of the IA 1040 ....$ $ $ Taxable Dividends Taxpayer Spouse Joint Include a copy of this schedule with your return. 41-029 (07/25/2016)
IA 1040 Schedule B
More about the Iowa IA 1040-B Individual Income Tax
Schedule B must be completed to report taxable interest and dividends on IA 1040, even if you are not required to complete Schedule B.
We last updated the Schedule B in February 2017, and the latest form we have available is for tax year 2016. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Iowa Department of Revenue. You can print other Iowa tax forms here.
Other Iowa Individual Income Tax Forms:
|Form Code||Form Name|
|Form IA 1040||Individual Income Tax Return|
|Form IA 126||Nonresident / Part-Year Resident Credit 41-126|
|IA 1040-A||Schedule A|
|Form IA 1040ES||Estimated Tax Coupons|
|IA 1040-B||Schedule B|
Iowa usually releases forms for the current tax year between January and April. We last updated Iowa IA 1040-B from the Department of Revenue in February 2017.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Iowa IA 1040-B
We have a total of two past-year versions of IA 1040-B in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Iowa Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.