Schedule B (Form 1040), Interest and Ordinary Dividends is used for a U.S. citizen and resident alien when filing Form 1040. It's not used with Form 1040-NR.
There are several places in Form 1040-NR where interest and dividends are reported:
- Interest and dividends that are effectively connected with U.S. trade or business are reported on the face of the 1040-NR on lines 2 and 3.
- Interest and dividends that are not effectively connected with U.S. trade or business are reported on Schedule NEC (Form 1040-NR).
- If the taxpayer has received interest and dividends related to foreign financial assets, they may also need to file Form 8938, Statement of Specified Foreign Financial Assets.
Additional Information:
Desktop: Form 8938, Statement of Specified Foreign Financial Assets
IRS: Instructions for Form 1040-NR (includes instructions for Schedule NEC)
