On the annual accounting form there is only one Schedule A page for income. Do I report each separate receipt?
Report income that is received on a regular basis and in the same amount such as social security income as 12 X $400 in the description column. The total $4,800.00 is listed in the total column. To report income that changes with each receipt, such as interest and dividends, provide the yearly amount and indicate in the description the number of times the interest or dividend was received during that year. For example, interest from a savings account received 12 times for a total of $200.00.
Related Questions
- Im trying to publish an application component (form, report, chart, dynamic page) as a portlet, but I don see the "Publish to Portal" checkbox?
- On the annual accounting form there is only one Schedule A page for income. Do I report each separate receipt?
- How Do You Report Income From Schedule K-1 Form 1041?