Assumptions: 1. The taxpayer is an individual. 2. u201cExtra incomeu201d means non-wage income.The method of reporting depends on the type of income. If you receive a From 1099 for the income, the form will generally include instructions on how to report the income.Form 1040, page 1, includes line items for specific types of income. Form 1040 instructions (see link below) also include instructions on how to report most specific types of income.If you receive income for which no Form 1099 is issued and no separate line item is provided, you generally report the income as u201cOther Incomeu201d on Form 1040, line 21. If you incur expenses related to the income, you generally report the income and expenses on Form 1040, Schedule C.A link to the 2022 Form 1040 instructions is provided below.https://www.irs.gov/pub/irs-pdf/...