If your institution reported multiple accounts on the same form, you should report them the same way. If they sent you separate 1099 forms for different accounts, report them separately. Schedule 1 and Schedule B are available in the Business Tools area. The IRS draws the line between dividends and interest in sometimes unexpected ways. Penalties on early withdrawals of savings require special reporting.
Special situations can arise which trigger additional rules.
Savings bonds used to pay higher education expenses qualify for a special tax break. All Rights Reserved.