Business & farm

So I’m curious. 
The directly apportioned deductions are not reported on the tax returns for the trust.  Just on the k-1?  
not even on the 4562?  You just keep records in case of audit?   Confused.  So the schedule would be set at beginning of an estate or trust and you would have to keep scrupulous records because not reported anywhere else but on the k-1?

 

Thank you!!