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If the return includes six or fewer interest income items, all taxable to Federal and state, enter them on lines 1A-1F. If there are more than six items, or if you need a worksheet, enter ALL items on the Additional Interest Income statement, which you can access by pressing F9 on any line in this section.

You should use the statement if:

 

there are more than six payers;

you need to make adjustments for interest income treated differently by the state;

you want to designate ownership to Taxpayer (T), Spouse (S), or Joint (J);

some interest is Nominee (N), Tax Exempt (E), Accrued (A), OID Adjustment (O) or ABP Adjustment (B);

there are penalties or withholding on the interest income.

 

 

If you are preparing a state return, you should consult the instructions for the particular state before using the Interest Income statement.

Tip: If needed, you can duplicate the statement for additional entries, by pressing SHIFT+F10.

Totals from the statement will flow to the correct lines on Schedule B. Totals from Schedule B will flow to Form 1040, 1040A or 1040EZ.