2018 Tax Year (Schedule 1) Additional Income

This Blog will explain the Schedule 1 – Additional Income categories that are available to Taxpayers for the 2018 Tax Year.

Lines 1 – 9b: Reserved

Line 10: Taxable refunds, credits, or offsets of state and local income taxes

Line 11: Alimony received

Line 12: Business income or (loss). Attach Schedule C or C-EZ

Line 13: Capital gain or (loss). Attache Schedule D if required.

Line 14: Other gains or (losses). Attach Form 4797

Line 15a: Reserved

Line 16a: Reserved

Line 17: Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attache Schedule E

Line 18: Farm income or (loss). Attach schedule F

Line 19: Unemployment compensation

Line 20a: Reserved

Line 21: Other income. List type and amount

Line 22: Total additional income

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Legal Disclaimer: Nothing written or expressed in this Blog shall be construed as legal, accounting, or tax advice. This Blog is for informational purposes only, to inform Individuals about the IRS tax forms required to file an individual tax return, and the instructions that accompany such IRS tax forms.

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any tax transaction or filing any tax form.