Schedle B on trust 1041

[slowreader]

Why is there no Schedule B on the Form 1041 I filed for a trust for which I'm the trustee?

There's an Interest & Dividends Worksheet on my printed copy of the return, but no Schedule B, and when I switch to Forms and type Schedule B into the window, I see only four entries for Form 1116 and a QBI Schedule B aggregation statement. Why is Schedule B required for individuals but not for trusts and estates?

[tagteam]

Schedule B is included on Form 1041 and it is for the Income Distribution Deduction. 

As to why a separate schedule is not required to report interest/dividend income with Form 1041, the answer is because it simply is not required as it is for Form 1040. 

In case you haven't noticed, there is also no Schedule A for itemized deductions to be filed with Form 1041 and Schedule D is different from the schedule filed with Form 1040. 

[slowreader]

Okay, thanks. Seems weird, though. Why should it be deemed necessary for my 1040 but not for my trust 1041? And it does make cross-checking more difficult!!

[tagteam]

Yes, it does but then Treasury (IRS) has decided that it is not required currently and, frankly, they don't seem to care about the level of difficulty for taxpayers.