Form 1040 Schedule B

Description:

Schedule B is an IRS tax form used to report interest and dividend income received during the tax year. It is used by taxpayers who have received more than $1,500 in interest or dividend income.

The type parameter is form_1040_schedule_b for the Upload endpoint.


Fields supported by Docsumo

Note:

To customise fields for extraction, please contact Customer Success Management (CSM) Team


Basic Information

Field Name Data Type Field Description
Basic Information___Full Name String Name as shown on Form 1040 Schedule B
Basic Information___SSN String Social security number as mentioned in the form
Basic Information___Form String Form number mentioned at bottom right of Form 1040 Schedule B
Basic Information___OMB No String OMB no mentioned at top right of Form 1040 Schedule B


Part 1

Field Name Data Type Field Description
Part 1___1 String Line 1 - List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see the instructions and list this interest first. Also, show that buyer’s social security number and address:
Part 1___2 String Line 2 - Add the amounts on line 1
Part 1___3 String Line 3 - Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815
Part 1___4 String Line 4 - Subtract line 3 from line 2. Enter the result here and on Form 1040 or 1040-SR, line 2b


Part 2

Field Name Data Type Field Description
Part 2___5 String Line 5 - List name of payer:
Part 2___6 String Line 6 - Add the amounts on line 5. Enter the total here and on Form 1040 or 1040-SR, line 3b


Part 3

Field Name Data Type Field Description
Part 3___7a String Line 7a - If “Yes,” are you required to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), to report that financial interest or signature authority? See FinCEN Form 114 and its instructions for filing requirements and exceptions to those requirements:
Part 3___7b String Line 7b - If you are required to file FinCEN Form 114, list the name(s) of the foreign country(-ies) where the financial account(s) are located
Part 3___8 String Line 8 - During 2022, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust? If “Yes,” you may have to file Form 3520


Sample Form


Json output by Docsumo

[
    {
        "data": {
            "Basic Information": {
                "Full Name": {
                    "value": "Robert Smith",
                    "position": [103, 269, 239, 288],
                    "confidence": 1.0,
                    "review_required": false
                },
                "SSN": {
                    "value": "722-55-4584",
                    "position": [1389, 272, 1513, 287],
                    "confidence": 1.0,
                    "review_required": false
                },
                "Form": {
                    "value": "Schedule B (Form 1040) 2020",
                    "position": [1294, 2108, 1599, 2127],
                    "confidence": 1.0,
                    "review_required": false
                },
                "OMB No": {
                    "value": "1545-0074",
                    "position": [1472.9, 90.9, 1576.7, 132],
                    "confidence": 1.0,
                    "review_required": false
                }
            },
            "Part 1": {
                "1": {
                    "value": "19375",
                    "position": [1535, 408, 1597, 423],
                    "confidence": 1.0,
                    "review_required": false
                },
                "2": {
                    "value": "19375",
                    "position": [1536, 874, 1597, 890],
                    "confidence": 1.0,
                    "review_required": false
                },
                "3": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "4": {
                    "value": "19375",
                    "position": [1536, 1007, 1596, 1023],
                    "confidence": 1.0,
                    "review_required": false
                }
            },
            "Part 2": {
                "5": {
                    "value": "1321",
                    "position": [1549, 1107, 1597, 1122],
                    "confidence": 1.0,
                    "review_required": false
                },
                "6": {
                    "value": "1321",
                    "position": [1548, 1641, 1596, 1657],
                    "confidence": 1.0,
                    "review_required": false
                }
            },
            "Part 3": {
                "7a": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "7b": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "8": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                }
            }
        }
    }
]