Certain distributions commonly referred to as dividends actually should be reported as interest, including "dividends" on deposits or share accounts in cooperative banks, credit unions, domestic savings and loan associations, and mutual savings banks.
Interest income can be reported on Form 1040, U.S. Individual Income Tax Return or Form 1040NR, U.S. Nonresident Alien Income Tax Return.
If your taxable interest income is more than $1,500 or you received interest as a nominee for the real owner, you must also include that income on Schedule B (Form 1040), Interest and Ordinary Dividends and attach it to your tax return. Please refer to the Instructions for Form 1040NR for specific reporting information when filing Form 1040NR.