Other income is reported on Form 1040 line 21, where you list its type and amount. You can attach a statement to your return with additional information. The following are examples of income to report on line 21.

Gambling winnings - lotteries, raffles, etc. Report the full amount received. You cannot offset losses against winnings and report the difference on line 21. If you itemize, report gambling losses on Schedule A, but not more than winnings claimed.

Prizes and awards received other than in connection with your trade or business. A prize or award that is received in connection with your trade or business is reported on Schedule C line 6 or Schedule C-EZ line 1 (if you are self-employed), or on line 7, Form 1040 (if you are an employee).

Fees for jury duty, precinct election board duty, or as an executor or administrator of an estate.

Canceled debts - If a debt you owe is canceled or forgiven, other than as a gift or bequest, you may have to include it in income. Refer to Publication 525, Taxable and Non Taxable Income, for exceptions and exclusions. You may also want to refer to Publication 908, Tax Information on Bankruptcy.

Alaska Permanent Fund Dividends:

• Income from rental of personal property, if you engaged in the rental for profit but are not in the business of renting property.
• Income from an activity not engaged in for profit, such as a hobby.
• Damages received for nonphysical injuries or sickness or punitive damages.
• Damages received after August 21, 1996 for emotional distress in a case not involving personal physical injury, except to the extent the damages are paid, for medical care.

Note: Income reported on Form 1099-MISC Box 7 as non-employee compensation IS NOT included on line 21. Select Topic 408.

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