Module 6 — Other Income Types
Module 6 Downloads & Resources
Reference materials for handling other income types in a tax office setting.
Other Income Forms Quick Reference
1099-INT, 1099-DIV, 1099-G, SSA-1099, W-2G, 1099-C — key boxes and where each goes on the return.
Other Income Intake Checklist
The intake questions Veronica asks every client. Bank accounts, investment accounts, unemployment, Social Security, gambling, cancellation of debt.
Social Security Taxability Thresholds
2025 combined income thresholds for 0%, 50%, and 85% Social Security taxability by filing status.
Module 6 Study Guide
Complete summary of all 7 lessons. Key forms, key questions, and the most important things to remember for each income type.
Recommended IRS Resources
IRS Publication 550 — Investment Income and Expenses
Covers interest, dividends, and investment income in depth. Reference for any 1099-INT or 1099-DIV question.
IRS Publication 915 — Social Security Benefits
Explains the Social Security taxability worksheet and combined income calculation. The authoritative reference for SS benefit taxation.
IRS Topic No. 419 — Gambling Income and Losses
IRS overview of gambling income reporting rules, W-2G thresholds, and loss deductibility rules.
Module 6 Summary — What You Learned
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Key Takeaways from Module 6
Lesson 1: Interest income on Form 1099-INT. Always ask about bank accounts. $10 reporting threshold ≠ taxability threshold.
Lesson 2: Dividends on Form 1099-DIV. Box 1a = total, Box 1b = qualified (lower rate). Roth IRA dividends don’t create a 1099-DIV.
Lesson 3: Unemployment on Form 1099-G. Fully taxable federally. Clients almost always forget to bring this form.
Lesson 4: Social Security on Form SSA-1099. May be 0%, 50%, or 85% taxable depending on combined income. Enter Box 5, not Box 3.
Lesson 5: Gambling winnings on Form W-2G. Fully taxable. Losses deductible only if itemizing. Ask about casino activity at every appointment.
Lesson 6: Cancelled debt on Form 1099-C. May be taxable income. Never ignore. Check for insolvency or bankruptcy exclusions. Consult senior when uncertain.
Lesson 7: Count documents first. Confirm nothing is missing. Enter systematically. Document notes for next year. That’s the complete other income interview.
Lesson 2: Dividends on Form 1099-DIV. Box 1a = total, Box 1b = qualified (lower rate). Roth IRA dividends don’t create a 1099-DIV.
Lesson 3: Unemployment on Form 1099-G. Fully taxable federally. Clients almost always forget to bring this form.
Lesson 4: Social Security on Form SSA-1099. May be 0%, 50%, or 85% taxable depending on combined income. Enter Box 5, not Box 3.
Lesson 5: Gambling winnings on Form W-2G. Fully taxable. Losses deductible only if itemizing. Ask about casino activity at every appointment.
Lesson 6: Cancelled debt on Form 1099-C. May be taxable income. Never ignore. Check for insolvency or bankruptcy exclusions. Consult senior when uncertain.
Lesson 7: Count documents first. Confirm nothing is missing. Enter systematically. Document notes for next year. That’s the complete other income interview.
📋 From the Desk of Ralph Martinez
Module 6 teaches a skill that looks simple but takes practice: seeing the full picture of a client’s income. The W-2 is obvious. The 1099-INT for $74 is easy to miss if you don’t ask. Veronica is learning to ask. That’s the whole lesson.
— Ralph Martinez · Ruskin, FL · Est. 2001