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Instructions and help about Form 6252

hey everybody it's John your personal tax consultant with a degree in accounting we're talking about taxable interest in dividends now if you received a 1099 int or a 1099 div this represents the income that you received from either interest or dividends now you're going to receive interest from any savings account money market account or even a mutual fund interest bearing account and it all needs to be reported as ordinary income now there are a few mutual funds that were set up as tax incentives making the interest you receive on them tax-exempt now although you won't be taxed on the amount you do need to include it in this portion of the income section because it's going to affect your other deduction levels further on moving on to dividends dividends are typically quarterly payouts that you'll receive from a company stock or a mutual fund that you own and they also are treated as ordinary income that is unless they're qualified dividends now in the 1099 div it will be separated ou


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