Ava reports income from a sole proprietorship,earning interest on bank accounts and gains on sales of stock.In addition to the Form 1040,she will need to file
A)Form 1099.
B)Schedule 1.
C)Schedule 2.
D)none of the above.

Question

Quizplus · Accepted Answer

Ava will need to file Schedule 1 to report additional income such as interest and gains from sales of stock, which are not reported directly on Form 1040.

Ava Reports Income from a Sole Proprietorship,earning Interest on Bank