Internal Revenue Service United States Department of the Treasury
Level Basic Intermediate Advanced Military International

Income

Introduction

Welcome

This is the first of several lessons covering the Income section of the taxpayer's return. A critical component of completing the taxpayer's return is distinguishing between taxable and nontaxable income and knowing where to report the different types of income on Form 1040, lines 7-22.

The income lessons follow the order of the Income section of Form 1040. This chart will help you select the appropriate topics for your certification course. Review the topics before going on.

Certification Path Key.
  Certification Course

Form 1040
Topic		 Basic Intermediate Advanced Military International
Line 7 Wages bullet bullet bullet bullet bullet
Line 8 Interest Income bullet bullet bullet bullet bullet
Line 9 Dividend Income bullet bullet bullet bullet bullet
Line 10 Taxable Refunds N/A bullet bullet bullet bullet
Line 11 Alimony Received N/A bullet bullet bullet bullet
Line 12 Business Income N/A bullet bullet bullet bullet
Line 13 Capital Gain/Loss N/A N/A bullet bullet bullet
Line 14 Other Gains/Losses N/A N/A N/A N/A N/A
Line 15 IRA Distributions N/A bullet* bullet bullet bullet
Line 16 Pensions/Annuities N/A bullet* bullet bullet bullet
Line 17 Rental Income N/A N/A N/A bullet bullet
Schedule K-1 Distributions N/A N/A bullet bullet bullet
Line 18 Farm Income N/A N/A N/A N/A N/A
Line 19 Unemployment Compensation bullet bullet bullet bullet bullet
Line 20 Social Security Benefits bullet bullet bullet bullet bullet
Line 21 Other Income bullet bullet bullet bullet bullet
Line 21 Foreign Earned Income N/A N/A N/A N/A bullet
Line 21 Military Income N/A N/A N/A bullet N/A
* Pensions/Annuities are Intermediate if the taxable amount is already determined.