1 answer

Other income is reported on ___________ Schedule 1, line 8. Schedule 1, line 21. Form 1040,...

Question:

Other income is reported on ___________

Schedule 1, line 8.

Schedule 1, line 21.

Form 1040, page 1, line 6.

Form 1040, page 1, line 9.


Answers

The correct answer is Schedule 1, line 21.

Explanation:- Schedule 1, line 21 is used for reporting taxable income that has not been reported in any other schedules of the income tax return form. Other income could be from cash received from hobby, money received from doing odd jobs etc. Schedule 1, line 21 is used for declaring other income which is also taxable income.

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