Household Employee Income

• Related Articles

• Statutory Employee Income from a W-2

  Earnings as a statutory employee are reported as income in Schedule C rather than as wages on Form 1040. If a taxpayer receives a Form W-2 marked as a Statutory Employee in box 13, you will need to enter this income in two places in Software: Enter ...

• Prisoner Income

  Prisoners are required to file a federal income tax return according to the same criteria as those not in prison. If in doubt as to whether a particular incarcerated individual needs to file, refer to IRS Publication 501. A prisoner may receive ...

• Puerto Rico Excluded Earned Income

  U.S. Citizens who lived in Puerto Rico for the entire year (bona fide residents) do not have to file a U.S. federal income tax return if all of their income was from sources within Puerto Rico. If income was received from sources outside of Puerto ...

• Enter Gambling Income or Losses

  Gambling winnings To enter gambling winnings in Software, from the Federal Section of the tax return (Form 1040), select: Income Less Common Income Gambling Winnings Select Taxpayer or Spouse, if needed. Enter all information from Form W-2G. If there ...

• Form 1099-INT - Interest Income

  Form 1099-INT is used to report interest paid in the course of a trade or business. For interest related to securities transactions, the information provided may be different for covered or non-covered transactions: For covered securities that were ...