Iowa Form 1040 Schedule B (Interest and Dividend Income)

Form 1040 Schedule B (Interest and Dividend Income)
IA 1040 Schedule B (41-029)
2022 IA 1040 Schedule B

Iowa Interest and Dividend Income
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 on the IA 1040, column A 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 on the IA 1040, column A 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 on the IA 1040,
column B 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 on the IA 1040, column A 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 2022. Interest income which should be reported includes
earnings from savings and loan associations, mutual savings banks, cooperative banks, credit unions, bank deposits,
state and municipal bonds (see IA 1040 expanded instructions, 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(s).

Total Interest
(must equal the total
of Exempt &
Taxable Interest)

Interest
Exempt from
Iowa Tax

Taxable
Interest

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

Taxpayer Spouse

Joint

Total ..................................................................$ _____________ $ ___________ $ ___________
Part II: Dividend Income
Complete Part II if you received more than $1,500 in gross dividends in 2022. Report total, exempt, and taxable dividends.
Name of Payers:
List names of all payers. If additional lines are
needed, include additional page(s).

Total Dividends
(must equal the total
of Exempt &
Taxable Dividends)

Dividends
Exempt from
Iowa Tax

Taxable
Dividends

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

Taxpayer Spouse

Joint

Total ..................................................................$ _____________ $ ___________ $ ___________
Include a copy of this schedule with your IA 1040.

41-029 (05/18/2022)