7. Interest Income/Ingresos de Intereses

Information about Form 8815, Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989, including recent updates, related forms, and instructions on how to file. If you cashed series EE or I U.S. savings bonds this year that were issued after 1989, you may be able to exclude from your income part or all of the interest on those bonds.

Form 8818 is used by individuals who cashed certain savings bonds and paid qualified higher education expenses to keep a record of the bonds. Form 8818 is not filed with IRS; the information is used to complete Form 8815. Use this form to keep a record of the post-1989 series EE and I bonds you cash. You will need the information on this form to complete Form 8815, Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989. Form 8815 is used to figure the amount of interest you can exclude from your income when you file your income tax return.

Publication 537 discusses the general rules that apply to all installment sales (those with one or more payments after the year of the sale). It discusses more complex rules when certain conditions exist or certain types of property are sold. This publication discusses the general rules that apply to using the installment method and more complex rules when certain conditions exist or certain types of property are sold.

Information about Publication 550, Investment Income and Expenses, including recent updates and related forms. Publication 550 discusses the tax treatment of investment income and expenses.

Publication 1212 is used by brokers, middlemen and owners to calculate the amount of OID interest to report. The tables are found on the IRS website. The purpose of this publication is to help brokers and other middlemen identify publicly offered original issue discount (OID) debt instruments they may hold as nominees for the true owners, so they can file Forms 1099-OID or Forms 1099-INT as required, and to help owners of publicly offered OID debt instruments determine how much OID to report on their income tax returns.

Information about Schedule B (Form 1040), Interest and Ordinary Dividends, including recent updates, related forms, and instructions on how to file. This schedule is used by filers to report interest and ordinary dividend income.