MelindaS1
Employee Tax Expert

Deductions & credits

On Form 1040, look at Line 8 "Additional income from Schedule 1, line 10", this is where it should end up to be taxed as ordinary income. On Schedule 1, look at Line 4 "Other gains or (losses). Check if any from Form(s): 4797" and the box should be checked, with the amount listed next to the box on line 4. 

 

Note: if your passthrough entity income typically reports on another line on Schedule 1, such as "Line 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E" it may be mapped to that location, depending on your entries. Compare with the prior year tax return PDF to verify. 

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