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Video instructions and help with filling out and completing how to complete form 8288 a

Instructions and Help about how to complete form 8288 a

In this section we're going to talk about lines 8a and 8b 9a and 9b that's taxable interest tax-exempt interest ordinary dividends and qualified dividends and if you'll notice on here it references schedule one on for both taxable interest and ordinary dividends here's what schedule one looks like and you'll see here part one is to list interest by payer and part two is to list ordinary dividends by payer now you use this form if you have more than $1,500 worth of taxable interest or if you have over 1,500 dollars worth of ordinary dividends your taxable interest is going to be reported to you by each payer on a form 1099 int here's what the form 1099 int looks like and you'll notice you have in box 1 your interest income but you also have down here in box a tax-exempt interest and if you go back to the instructions you'll see line a B is for tax-exempt interest now we're going to talk about line 9a ordinary dividends and we'll also talk a little bit about line 9b qualified dividends and you'll get a form 1099 div from each payer which is similar to the one we just looked at on int and this in box 1 a reports your ordinary dividends and then in box 1b reports your qualified dividends.

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