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@mbmast Yes, you are correct. It would be considered 'Other Income' and it is ordinary income. In other words it would be taxed at the rate determined based on all income for a particular taxpayer. It would not be considered as capital gain income.
Yes, you are correct about how it is handled and on the new Forms 1040, it would show up on Schedule 1, Line 8z, which would carry to Form 1040, Line 8.
It's difficult to keep up with the line numbers when they had the same ones for so many years.
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‎February 2, 2022
12:28 PM