According to instructions, if you earn less than $1,500, say $15 in interest, you don't have to fill out a Schedule B--if it's ordinary income, where do you put it on the new forms? (I know the government won't give up a penny in tax.)

If you have less than $1500 in interest income, and do not attach Schedule B, you should report your total taxable interest directly on Form 1040, Line 2b.

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Form 1041 Schedule K 1 Instructions 2013

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There are three different types of Schedule K ones we're going to dEval with the form 1040 one schedule k-1 in this session we're not going to be addressing the other two types of schedule one's now the form 1041 reports the tax taxpayers share of income and other items from an estate or trust typically the one you will see most frequently is an estate we do not see a lot of K ones, but you may run into them and most likely it will be the estate which is the one we're going to talk about today on the intake interview there is a question that the taxpayer may mark but the k1 is kind of hidden in there typically you'll see that the taxpayer will have a copy of a k1 in his hand and that of course will be your signal to follow these procedures the k1 will have a year at the top it also has a beginning and an ending date if is the estate or trust is not on a calendar year basis you would use the ending date is the year that you should be dEvaling with if this says 2018 here that is okay to

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According to instructions, if you earn less than $1,500, say $15 in interest, you don't have to fill out a Schedule B--if it's ordinary income, where do you put it on the new forms? (I know the government won't give up a penny in tax.)
If you have less than $1500 in interest income, and do not attach Schedule B, you should report your total taxable interest directly on Form 1040, Line 2b.

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