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How to enter other income on Schedule 1 (Form 1040) in ProConnect Tax

by Intuit1 Updated 3 months ago

Other income on Schedule 1 (Form 1040), Additional Income and Adjustments is used to report any income which is taxable, and hasn't been reported elsewhere on the return or on other schedules. A 1099-MISC, which isn't directly associated with a Schedule C, Schedule E, or Schedule F activity, may sometimes need to be reported here.

Follow these steps

  1. Go to the Input Return tab and select Income from the left menu.
  2. Select SS Benefits, Alimony, Misc. Income.
  3. Scroll down to the Alimony and Other Income section.
  4. Locate the field Other Income.
  5. Enter the amount and description.
    • This amount will flow to Form 1040, Schedule 1 as Other Income.

Reporting Taxable Scholarships and Fellowships on Form 1040

To report Taxable scholarships and fellowships on Form 1040, Line 7:

  1. Go to the screen, SS Benefits, Alimony, Miscellaneous Inc.
  2. Scroll down to the Alimony and Other Income section.
  3. Enter the taxable portion in Taxable scholarships and fellowships. (The program includes this amount on the Wages line of Form 1040 and also includes a footnote for the item with the description "SCH.")

If the taxable scholarships and fellowships are also subject to self employment:

  1. Go to the Taxes section and then go to the screen, Self-Employment Tax (Schedule SE).
  2. In the Nonfarm subsection, enter the amount in the field, Net income [Adjustment].

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