Page 92 - Individual Forms & Instructions Guide

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The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.
Line 4 have any business expenses. Also don’t number). The amount from Form 2555,
line 45, will be subtracted from the other
report on lines 8a through 8z any non-
Other Gains or (Losses) employee compensation shown on Form amounts of income listed on lines 8a
1099-MISC, 1099-NEC, or 1099-K (un- through 8c and lines 8e through 8z.
If you sold or exchanged assets used in a
trade or business, see the Instructions for less it isn't self-employment income, Complete the Foreign Earned Income
Form 4797. such as income from a hobby or a Tax Worksheet if you enter an amount
sporadic activity). Instead, see the In- on Form 2555, line 45.
Line 7 structions for Recipient included on Line 8e
or
Form
1099-NEC,
1099-MISC,
Unemployment Compensation 1099-K to find out where to report that
You should receive a Form 1099-G income. For more information about Income from Form 8853. Enter on
showing in box 1 the total unemploy- what is being reported on Form 1099-K, line 8e the total of the amounts from
Form 8853, lines 8, 12, and 26. See Pub.
ment compensation paid to you in 2022. see the Instructions for Payee included
Report this amount on line 7. on that form and visit IRS.gov/Gig. 969.
You may have to pay an addi-
If the amount reported in box 1
! of your Form(s) 1099-G is in- Line 8a ! tional tax if you received a tax-
able distribution from an Arch-
CAUTION correct, report on line 7 only CAUTION
the actual amount of unemployment Net operating loss (NOL) deduction. er MSA or Medicare Advantage MSA.
Enter on line 8a any NOL deduction
See the Instructions for Form 8853.
compensation paid to you in 2022.
from an earlier year. Enter the amount in
If you made contributions to a gov- the preprinted parentheses (as a negative Line 8f
ernmental unemployment compensation number). The amount of your deduction
program or to a governmental paid fami- will be subtracted from the other Income from Form 8889. Enter on
ly leave program and you aren't itemiz- amounts of income listed on lines 8b line 8f the total of the amounts from
ing deductions, reduce the amount you through 8z. See Pub. 536 for details. Form 8889, lines 16 and 20.
report on line 7 by those contributions. You may have to pay an addi-
If you are itemizing deductions, see the Line 8b ! tional tax if you received a tax-
instructions on Form 1099-G. CAUTION able distribution from a health
If you received an overpayment of Gambling. Enter on line 8b any gam- savings account. See the Instructions for
bling winnings. Gambling winnings in-
unemployment compensation in 2022 clude lotteries, raffles, a lump-sum pay- Form 8889.
and you repaid any of it in 2022, sub- ment from the sale of a right to receive
tract the amount you repaid from the to- future lottery payments, etc. For details
tal amount you received. Enter the result on gambling losses, see the instructions Line 8h
on line 7. Also enter “Repaid” and the for Schedule A, line 16. Jury duty pay. Also see the instruc-
amount you repaid on the dotted line tions for line 24a.
next to line 7. If, in 2022, you repaid Attach Form(s) W-2G to Form
more than $3,000 of unemployment TIP 1040 or 1040-SR if any federal Line 8i
compensation that you included in gross income tax was withheld.
income in an earlier year, see Repay- Prizes and awards. Enter prizes and
ments in Pub. 525 for details on how to Line 8c awards but see the instructions for
report the payment. line 8m, Olympic and Paralympic med-
If you received unemployment Cancellation of debt. Enter on line 8c als and USOC prize money, later.
TIP compensation in 2022, your any canceled debt. Canceled debt may
state may issue an electronic be shown in box 2 of Form 1099-C. Line 8j
Form 1099-G instead of it being mailed However, part or all of your income
to you. Check your state's unemployment from cancellation of debt may be non- Activity not engaged in for profit in-
compensation website for more informa- taxable. See Pub. 4681 or go to IRS.gov come. See Pub. 535.
tion. and enter “canceled debt” or “foreclo-
sure” in the search box. Line 8k
Lines 8a Through 8z Line 8d Stock options. Enter on line 8k any in-

Other Income come from the exercise of stock options
Foreign earned income exclusion and not otherwise reported on Form 1040 or
Do not report on lines 8a housing exclusion from Form 2555. 1040-SR, line 1h.
! through 8z any income from Enter the amount of your foreign earned
CAUTION self-employment or fees re- income and housing exclusion from Line 8l
ceived as a notary public. Instead, you Form 2555, line 45. Enter the amount in
must use Schedule C, even if you don’t the preprinted parentheses (as a negative Income from the rental of personal
property if you engaged in the rental

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