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Typically, you must use Schedule 1 if one or both of the following apply to your tax situation:
- You have any type of income that isn't wages, investment dividends or bank interest. This includes unemployment income and rental income.
www.helpadvisor.com/taxes/schedule-1If you have any other sources of taxable income, such as from a business, rental property, farm or unemployment compensation, you’ll need to attach Schedule 1 to your Form 1040 to report those earnings. Schedule 1 also is where you’ll report adjustments to income, known as “above the line deductions.”www.forbes.com/advisor/taxes/irs-form-1040/ - People also ask
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