Page 32 - Other Income for Individuals
P. 32

Other Income




          Understanding other income is required for tax filing.



















                                                                                                                Rents from
                                                                                                                  personal

                                                                                         Recoveries              property.
                                                                                          (including state
                                                                                          income tax
                                                     S Corporation Income.               refunds).





           Partnership Income.                                                                                  Income that’s taxable

                                                                                                                   must be reported on your
                                                                                                                   tax return and is subject
                                                                                                                   to tax.
                                                                                                                 Income that’s nontaxable
                                                                                                                   may have to be shown on
                                                                                                                   your tax return but isn’t
                                                                                                                   taxable.           30
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