This chapter discusses various types of payments you may receive; some are taxable and others are not taxable. Examples of taxable items include:
Taxable state tax refunds, which are reported on Line 10 of Form 1040.
Prizes, gambling winnings, and awards, which are reported on Line 21 of Form 1040. There are several exceptions, including the new exclusion for debts discharged in a mortgage restructuring or foreclosure (11.8).
Cancellations of debt, which are reported on Line 21 of Form 1040.
Your share of partnership, S corporation, trust, or estate income or loss, which is reported in ...
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