Unit 2 · Income
Module 6 — Other Income Types
Most clients have more than one type of income. This module teaches you to find it, identify it, and know what to do with it.
📋 From the Desk of Ralph Martinez
By the time a client gets to their second tax appointment with us, I know what to expect. The W-2 is on the table. But there’s often something else — a bank interest statement, a 1099 from Social Security, maybe a casino win slip. New preparers focus on the W-2 and miss everything else. Module 6 fixes that. Veronica is going to walk you through the forms you’ll see on most returns that aren’t a W-2 and aren’t a Schedule C.
— Ralph Martinez · Ruskin, FL · Est. 2001
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7 Lessons in Module 6
Lesson 1: Interest Income — Rita’s savings account and Form 1099-INT
Lesson 2: Dividends & Investment Income — recognizing Form 1099-DIV
Lesson 3: Unemployment Compensation — Form 1099-G and what clients expect
Lesson 4: Social Security Benefits — the SSA-1099 and when it’s taxable
Lesson 5: Gambling, Prizes & Miscellaneous Income — W-2G and the unexpected
Lesson 6: Cancellation of Debt — Form 1099-C and what it means
Lesson 7: The Other Income Interview — Veronica works through a complete document review
Lesson 2: Dividends & Investment Income — recognizing Form 1099-DIV
Lesson 3: Unemployment Compensation — Form 1099-G and what clients expect
Lesson 4: Social Security Benefits — the SSA-1099 and when it’s taxable
Lesson 5: Gambling, Prizes & Miscellaneous Income — W-2G and the unexpected
Lesson 6: Cancellation of Debt — Form 1099-C and what it means
Lesson 7: The Other Income Interview — Veronica works through a complete document review