Other Income

Other income, such as interest, is money that does not come from a company’s principal operation. Other income sources include interest, rent, and capital gains from the sale of fixed assets. Other revenue, such as interest, is money that does not come from a company’s principal operation.

Earnings other than wages or income from self-employment, retirement income or investments, overseas income, and canceled debts are examples of other income. Other income is taxable and must be declared on Schedule 1 and Form 1040.