Income that does not have its own line on Form 1040 is generally reported on the Form 1040, Schedule 1, Other Income, unless it is considered earned income.
Examples of income to include on this line include prizes and awards, jury duty pay, Alaska Permanent Fund dividends, and reimbursements received for items deducted in a previous year. Refer to IRS Publication 525 and Form 1040 Instructions for other examples of income to include on this line.
To enter an amount of other income in TaxSlayer Pro, from the main menu of the tax return (Form 1040) select:
- Income
- Other Income
- Other Income - Click New, enter a description and the amount, and indicate whether or not the income is considered earned income. If you check the box indicating it is earned income, it will be reported on Form 1040 line 1 rather than as Other Income on Schedule 1 .