Calculate gross income from all sources reported on Form 1116, line 3e

Gross income is all income received in the form of money, property, and services not exempt from tax. Gross income is the total income received before allowable deductions. A statement prints that shows the details of how the gross income for Form 1116, line 3e, is calculated.
Gross income includes the following:
  • Taxable interest and dividends.
  • Taxable refunds of state and local taxes.
  • Gross business income less cost of goods sold from Schedule C, line 7.
  • Capital gains from Schedule D.
  • Capital gain distributions reported on Schedule D.
  • Gains on sale of business property from Form 4797.
  • Taxable IRA distributions, pensions, and annuities.
  • Gross rental and royalty income from Schedule E, line 4.
  • Taxable net income from an estate or trust from Schedule E, line 37.
  • Income from a REMIC reported on Schedule E, line 38.
  • Farm income from Schedule F, line 9.
  • Distributive share of gross income from a partnership.
  • Pro rata share of gross income from an S Corporation.
  • Other income that isn't reported with any of these items.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close