Wages, Interest, Dividends, and 1099 Reporting
Free IRS Enrolled Agent SEE Part 1 (Individuals) lesson in Income and Assets. 12 min read, ~1,858 words.
Wages from W-2 box 1 to Form 1040 line 1a; tips, bonuses, severance, and fringes are wages unless statutorily excluded. Schedule B is required when interest OR dividends exceed \$1,500; muni interest is federal-exempt but enters MAGI for Social Security taxability, IRMAA, and the premium tax credit. Qualified dividends need...
Read the full lesson, free →
Worked examples, audio narration, and practice. No signup to read.
What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- 1
- 2
- 3
- 4
Browse all free EA Part 1 lessons or jump into free EA Part 1 practice questions.