Question: 1 . Preparing Schedule B seems to be a small investment of time and effort and not really that costly in time and effort. It

1. Preparing Schedule B seems to be a small investment of time and effort and not really that costly in time and effort. It certainly has no effect on taxable income (interest is reported on Form 1040 even if Schedule B is not required). Why would a taxpayer wish to avoid having to prepare a Schedule B?

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