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Modeling Schedule 1 Income

Model income reported on Schedule 1, including Schedule C (self-employed), Schedule E (rental income, S-Corp, etc.), Schedule F (farm income), and Other Income

Several types of income are reported on Schedule 1, which ultimately flows to line 8 of Form 1040.

Model this income in the Schedule 1 Income section, found near the top of Scenario Analysis in the broader Income section.

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Include taxable refunds, taxable alimony received, other gains or losses from Form 4797, and unemployment compensation by entering it directly in the fields shown above. 

Schedule C, E, or F income is entered in their respective worksheets by clicking on the pencil icon. More information on entering different types of business income is in our knowledge base article, here.

Enter Other Income that appears on Schedule 1 (line 8a-z) in the appropriate field of the Other Income Worksheet shown below.

Note: Hover over the (?) icons for the Allowable Net Operating Loss and Nontaxable Medicaid Waiver Payments for important information on those specific types of income and how to accurately enter each within Scenario Analysis.

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