An individual must complete Schedule B (Forms 1040A or 1040)if the following situation occurs:

Name: An individual must complete Schedule B (Forms 1040A or 1040)if the following situation occurs:
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Schedule B is only required if the individual received interest income of $1,500 or more (A), dividend income of $1,500 or more (B), or had foreign accounts or trusts (not mentioned in the options). However, tax-exempt interest income of $700 (D) is below the threshold and does not require Schedule B.

An Individual Must Complete Schedule B (Forms 1040A or 1040)if