Reporting On Form 1040
Gross income is reported on U.S. Federal individual income tax returns (Form 1040 series) is reported by type of income. Supporting schedules and forms are required in some cases (e.g., Schedule B for interest and dividends). Income of business and rental activities, including those through partnerships or S corporations, is reported net of the expenses of the business. See Schedule C for business, Schedule E for rentals, and Schedule F for farms.
Read more about this topic: Adjusted Gross Income
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