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Tax information center : Newsroom : Income : Other income

Other income

Sometimes money comes from unexpected sources. If a taxpayer wins the lottery, receives an inheritance or gets money as part of a settlement, it's important to know how to report it on their taxes to avoid audits and notices from the IRS.

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Other income

Recent posts

Three true tax outcomes of baseball memorabilia

The real gamble is not paying taxes on March Madness betting

Always dreaming of owning a Kentucky Derby horse

How bonuses are taxed on draft day

Win or lose, Oscar award nominees must pay up

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The unintended tax consequences of generosity

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Student loan forgiveness and closed school discharges

Tips to handle tips and other summer income

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Tax Tip: It may be fantasy football, but tax implications are real

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