Page 36 - Other Income for Individuals

Other Income - Bartering

Understanding other income is required for tax filing.

Example 1
 You’re a self-employed

attorney who performs legal
services for a client, a small
Generally, you report this
income on Schedule C (Form corporation.
1040), Profit or Loss From  The corporation gives you
Business
shares of its stock as payment
for your services.
 You must include the fair
market value of the shares in
your income on Schedule C

(Form 1040) in the year you
receive them.

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