Interest
Income
Line 2 - Tax-Exempt Interest
If you received any tax-exempt interest
(including any tax-exempt OID), such as from
municipal bonds, each payer should send you
a Form 1099-INT or a Form 1099-OID. In
general, your tax-exempt stated interest
should be shown in box 8 of Form 1099-INT
or, for a tax-exempt OID bond, in box 2 of
Form 1099-OID, and your tax-exempt OID
should be shown in box 11 of Form 1099-OID.
Enter the total on line 2. However, if you
acquired a tax-exempt bond at a premium,
only report the net amount of tax-exempt
interest on line 2 (that is, the excess of
the tax-exempt interest received during the
year over the amortized bond premium for the
year). Also, if you acquired a tax-exempt
OID bond at an acquisition premium, only
report the net amount of tax-exempt OID on
line 2 (that is, the excess of the
tax-exempt OID for the year over the
amortized acquisition premium for the year).
See Pub. 550 for more information about OID,
bond premium, and acquisition premium.
Also include any exempt-interest dividends
from a mutual fund or other regulated investment
company. This amount should be shown in box 12
of Form 1099-DIV
If an amount is shown in box 9 of Form
1099-INT, you generally must report it on line
2g of Form 6251. See the Instructions for Form
6251 at IRS.gov/Form6251 for details.
Line 3 - Nominee Distributions
If you received a Form 1099-INT that
includes interest you received as a nominee
(that is, in your name, but the interest
actually belongs to someone else), report
the total on line 3. Do this even if you
later distributed some or all of this income
to others.
TIP.
If you received interest as a
nominee, you must give the actual owner
a Form 1099-INT (unless the owner is
your spouse) and file Forms 1096 and
1099-INT with the IRS. For more details,
see the General Instructions for Certain
Information Returns and the Instructions
for Forms 1099-INT and 1099-OID.
Line 4 - Accrued Interest
When you buy bonds between interest
payment dates and pay accrued interest to
the seller, this interest is taxable to the
seller. If you received a Form 1099 for
interest as a purchaser of a bond with
accrued interest, enter on line 4.
Line 5 - Original Issue Discount (OID)
If you are reporting OID in an amount
less than the amount shown in box 1 or box 8
of Form 1099-OID, enter the amount on line
5. However, if the payer reported to you a
net amount of OID on the bond reflecting the
offset of the gross amount of OID by any
acquisition premium, no reduction of the
amount of OID income reported to you by the
payer is permitted on Schedule B for the
bond.
Line 7 - Amortizable Bond Premium
If you elect to reduce your interest
income on a taxable bond by the amount of
taxable amortizable bond premium, enter the
amount on line 7. However, if the payer
reported to you a net amount of interest
income on the bond reflecting the offset of
the gross amount of interest income by the
amortizable bond premium, no reduction of
the amount of interest income reported to
you by the payer is permitted on Schedule B
for the bond.
Ordinary
Dividend
Line 1 - Nominee Distributions
If you received a Form 1099-DIV that
includes ordinary dividends you received as
a nominee (that is, in your name, but the
ordinary dividends actually belong to
someone else), report the total on line 1.
Do this even if you later distributed some
or all of this income to others.
TIP: If you received
dividends as a nominee, you must give the actual
owner a Form 1099-DIV (unless the owner is your
spouse) and file Forms 1096 and 1099-DIV with
the IRS. For more details, see the General
Instructions for Certain Information Returns and
the Instructions for Form 1099-DIV.
Line 3 -
Question 1
Check the “Yes” box if at any time
during 2025 you had a financial interest in
or signature authority over a financial
account located in a foreign country. See
the definitions that follow. Check the “Yes”
box even if you aren't required to file
FinCEN Form 114.
Financial account.
A financial account includes, but isn't limited
to, a securities, brokerage, savings, demand,
checking, deposit, time deposit, or other
account maintained with a financial institution
(or other person performing the services of a
financial institution). A financial account also
includes a commodity futures or options account,
an insurance policy with a cash value (such as a
whole life insurance policy), an annuity policy
with a cash value, and shares in a mutual fund
or similar pooled fund (that is, a fund that is
available to the general public with a regular
net asset value determination and regular
redemptions).
Financial account located in a foreign
country. A financial account is located in a foreign country if
the account is physically located outside of the
United States. For example, an account
maintained with a branch of a U.S. bank that is
physically located outside of the United States
is a foreign financial account. An account
maintained with a branch of a foreign bank that
is physically located in the United States isn't
a foreign financial account.
Signature authority.
“Signature authority” is the authority of an
individual (alone or in conjunction with another
individual) to control the disposition of assets
held in a foreign financial account by direct
communication (whether in writing or otherwise)
to the bank or other financial institution that
maintains the financial account. See the FinCEN
Form 114 instructions for exceptions. Don't
consider the exceptions relating to signature
authority in answering Question 1.
Other definitions.
For definitions of “financial interest,” “United
States,” and other relevant terms, see the
instructions for FinCEN Form 114.
Line 4 -
Question 2
See FinCEN Form 114 and its instructions
at FINCEN.gov
to determine whether you must file the form.
Check the “Yes” box if you are required to
file the form. Check the “No” box if you
aren't required to file the form.
If you
checked the “Yes” box on line 4, you must
electronically file FinCEN Form 114 with
Treasury's Financial Crimes Enforcement Network.
A U.S. person that has a financial interest in
or signature authority over foreign financial
accounts must file the form if the aggregate
value of foreign financial accounts exceeds
$10,000 at any time during 2025. Do
not attach
FinCEN Form 114 to your tax return.
For the due date and more information about FinCEN Form 114, see
FINCEN.gov.
CAUTION: If
you are required to file FinCEN Form
114 but don't properly do so, you
may have to pay a civil penalty up
to $10,000. A person who willfully
fails to report an account or
provide account identifying
information may be subject to a
civil penalty equal to the greater
of $100,000 or 50% of the balance in
the account at the time of the
violation. Willful violations may
also be subject to criminal
penalties.
Line 5
If you received a distribution from a
foreign trust, you must provide additional
information. For this purpose, a loan of
cash or marketable securities is generally
considered to be a distribution. See the
Instructions for Form 3520 at IRS.gov/Form3520 for details.
If you were the grantor of, or
transferor to, a foreign trust that
existed during 2025, you may have to
file Form 3520.
Don't attach Form 3520 to Form 1040
or Form 1040-SR. Instead, file it at
the address shown in its
instructions.
If you were treated as the owner
of a foreign trust under the
grantor trust rules, you are
also responsible for ensuring
that the foreign trust files
Form 3520-A. Form 3520-A is due
on March 16, 2026, for a
calendar year trust. See the
Instructions for Form 3520-A at
IRS.gov/Form3520A for details.