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Information about Schedule B (Form 1040), Interest and Ordinary Dividends, including recent updates, related forms, and instructions on how to file. Schedule B reports the interest and dividend income you receive during the tax year.B. Other income from Schedule 1, line 10. 8. 969,295. Use PA-41 Schedule B to report dividend and capital gains distributions income of estates and trusts. NAME. For estates and trusts, include a schedule explaining the adjustment and enter the total amount on line 1 of Schedule B, Form 2. Complete items A, B, and C on page 1, line 1 and lines 9 through 42a and Schedules B and C of Form IT-205. The federal Schedule C (or C-EZ or F) for each business with your return. On Schedule B, line 11, you put the total amount of distributions made from the estate or trust to beneficiaries during the tax year. § 48-5-6) requires the taxpayer to return property at its fair market value. If the values indicated from.