czwartek, 21 kwietnia 2011

Which of these qualifies as "other income" on Schedule C?

Question by FutureCPA: Which of these qualifies as "other income" on Schedule C?
This is in regards to a sole proprietorship using the accrual form of accounting. Would you report any of the following as "Other income" on Schedule C or would they go on another form?

Gain on sale of stock
Dividend from stock
Interest income on sale
The last one is supposed to be "Interest income from a savings account"


Best answer:
Answer by RamsGodNone of the above.
Gain on Sale of stock is Capital

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