What income is taxable?

The following income is taxable:
  • Wages (W-2)
  • Interest income (1099-INT)
  • Dividend income (1099-DIV)
  • Unemployment compensation
  • Social Security benefits may be partially taxable (SSA-1099)
  • Retirement income (1099-R)
  • State refunds if you itemized your deductions last year may be taxable (1099-G)
  • Stocks or investments sold (1099-B or consolidated 1099)
  • Cryptocurrency sold (1099-DA or consolidated 1099)
  • Miscellaneous income (1099-MISC)
  • Nonemployee Compensation (1099-NEC)
  • Business or self-employment income, including Form 1099-K (Schedule C)
  • Partnership income (Schedule K-1)
  • S Corporation income (Schedule K-1)
  • Rental income
  • Farm income (Schedule F)
  • Farm rental income (Form 4835)
  • Gambling income (W-2G)
  • Original issue discount income (1099-OID)
  • Estate and trust income (Schedule K-1)
  • Seller-financed loan interest
  • Royalty income
  • Tips, and other compensation (even if unreported)
  • Home sale income may be taxable in some cases
  • Canceled debt (1099-C)
  • Tuition program distributions may be taxable (1099-Q)
  • ABLE Account distributions may be taxable (1099-QA)
  • Contracts and straddles
  • Other income, including:
    • Alimony received, for divorce or separation agreements executed before 2018
    • Alaska Permanent Fund Dividends
    • Household employee income
    • Taxable scholarship income
    • Gambling income not reported on Form W-2G
    • Net Operating Loss carryforward (NOL)
    • Jury Duty
    • Prizes, awards, or miscellaneous income

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