- Taxable Interest
- Most Interest Income Taxable
- Interest from Bank Accounts
- Interest on Loan you make to Others
- Interest from most other Sources
- Form 1040, Line 8a
- Schedule B, part I and III (If >$1500)
- U.S. Savings Bonds
- Reported most of the time the year You Received it
- Exempt from State and Local Taxes
- Exception for Higher Education Expenses
- Must be at Least 24 Years old Before Bond's Issue date
- Other Interests
- Certificate of Deposit (CD)
- Certain Life Insurance Proceeds
- Interest on Tax Refunds
- Opening An Account Gift or Service
- Tax-Exempt Interest
- Must Show any Tax-Exempt Interest
- Form 1099-INT Box 8
- Form 1040, Line 8b
- Tax-Exempt Bonds Issued:
- State and Political Subdivision
- District of Columbia
- U.S. Possessions an Political Subdivisions
- Dividends
- Ordinary Dividends
- Form 1099-DIV, Box 1a
- Form 1040, Line 9a
- Schedule B, Part II and III (If >$1500)
- Qualified Dividends
- Favorable Tax Rate
- Form 1099-DIV, Box 1b
- Capital Gain Distributions
- Occur When Mutual Funds sells Assets
- Form 1099-DIV, box 2a
- Schedule D, Capital Gains and Losses
- Form 1040,
- NonDividend Distribution
- Reduces the Basis of Your Stock
- Form 1099-DIV, Box 3
- Ordinary Dividends
- Other Distributions
- Alaska Permanent Fund Dividends
- Not Dividends
- Form 1040, Line 21
- Alaska Permanent Fund Dividends
- Backup Withholding on Interest and Dividends
- Failed to give Payer Your SSN
- Withholding of 28%
- Form 1099-INT, Form 1099-DIV, Box 4
- Form W-2, Box 4
- Form 1040, Line 64
- Taxable State and Local Income Tax Refunds
- For a Tax Year You Can Choose Either:
- State and Local Income Taxes, Or
- State and Local General Sales Taxes
- Your Refund not Taxable If You Either:
- Claimed Standard Deduction
- Itemized and Deducted State and Local General Sales Taxes
- Schedule A
- Form 1040, Line 10
- For a Tax Year You Can Choose Either:
- Alimony Received
- Taxable Income
- Form 1040, Line 11
- Form 1040, line 31a deduction for Payment
- Unemployment Compensation
- Benefits to unemployed Individuals
- Form 1099-G
- Form 1040, Line 19
- Other Incomes
- Other Income not Covered on Form 1040, Lines 7 through 20b
- Prices
- Awards
- Lottery Winning
- Jury Duty Pay
- etc.
- Form 1040, Line 21
- Gambling Winnings
- If >$600 Payer must Issue Form W-2G, Certain Gambling Winnings
- Form 1040, Line 21
- Schedule A if You Itemize
- Withholding on Gambling Winnings
- If > $5000 All subjected to Withholding
- Form W-2G, Box 4
- Form 1040, Line 64
- Voluntary Withholding
- Form W-4V, Voluntary Withholding Request
- You can Choose to have Income Withheld
- Form 1099-G, Box 4, Certain Goverment Payments