Question

Disregarding all other criteria, what amount of taxable interest and dividends requires the Schedule B to be attached to the tax return? $0 – all interest/dividend is reported on Schedule B $1,500+ $500+ $2,500+

Answer 1

The amount of taxable interest and dividends that requires the Schedule B to be attached to the tax return is $1,500 or more.

Step-by-step explanation:

The amount of taxable interest and dividends that requires the Schedule B to be attached to the tax return is $1,500 or more. This means that if a taxpayer's taxable interest and dividends reach $1,500 or above, they will need to fill out and attach Schedule B to their tax return.

For example, if a taxpayer has $2,000 in taxable interest and dividends, they would be required to fill out Schedule B. However, if they only have $1,000 in taxable interest and dividends, they would not need to attach Schedule B.

It's important to note that this requirement is disregarding all other criteria, such as filing status or adjusted gross income.