Income that does not have its own line on Form 1040 is generally reported on the Form 1040, Schedule 1, Other 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 examples of other income to include on this line.
To enter an amount of Other Income in TaxSlayer Pro, from the main menu of the 1040 select:
- Income
- Other Income
- Other Income
- New and enter a description, the amount, and indicate whether or not the income is considered earned income.