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Other Income

Enter here other income, per year. Other income can include:

  • Rental income.
  • Pension income.
  • Any other recurring income.
  • Tax-free income (which we treat as taxable, a slight distortion).

As you may know, some of these forms of income have special tax treatments, which do affect the bottom line. Here, we are treating it all as ordinary, taxable income. In the Planner Tab of the program , we allow you to enter each of these types of income separately and we deal with the tax aspects appropriately to each one.

Also in the Planner Tab, we invite you to enter the income items in more detail. You can allocate the income from each investment, for example, and specify the type of income (ordinary, capital, or tax-free) that each investment generates. And you can use the Planner Tab to enter and organize your income from each source.

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Disclaimer: We are not giving legal advice. No warranties. We disclaim all legal liability. More...

 

 

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Family Law Software, Inc.  
Copyright (c) Family Law Software, Inc. 1996-2009.
Last Update Dec 22, 2008
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