Schedule B will be generated if it is required.  It is required only if any of the following applies to your client:

• Taxable interest or ordinary dividends total over $1,500;

• Received interest from a seller-financed mortgage and the buyer used the property as a personal residence;

• Had accrued interest from a bond;

• Reporting OID of less than amount shown on 1099-OID;

• Reporting interest income of less than amount shown on a Form 1099 for bond premium amortization;

• Claiming exclusion of interest from series EE or I U.S. savings bonds issued after 1989;

• Received interest or ordinary dividends as a nominee;

• Had a financial interest in, or signature authority over, a financial account in a foreign country or received a distribution from, or were a grantor of, or transferor to, a foreign trust.