This program explores farm income and expenses, which are properly reported on Schedule F and Line 6 on Schedule 1 (Form 1040), Additional Income and Adjustments to Income, as well as other types of income properly reported on Line 8 (Other Income) on Schedule 1 (Form 1040), such as income from the cancellation of debt, gambling, and prizes and awards.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.