U.S. · Tax forms
Form 1120 line 11, total income.
What adds up to total income on page 1 of Form 1120, and where line 11 goes next.
Line 11 (“Total income. Add lines 3 through 10”) is the sum of gross profit (line 3), dividends and inclusions (line 4), interest, rents, royalties, capital gain net income, Form 4797 gain or loss, and other income (lines 5 through 10). It is later reduced by total deductions on line 28.
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Result
Lines that make up line 11, 2025 form
| Line | Meaning | What the IRS says |
|---|---|---|
| Line 3 | Gross profit | Subtract line 2 (cost of goods sold, Form 1125-A) from line 1c (gross receipts less returns and allowances) |
| Line 4 | Dividends and inclusions | Complete Schedule C and enter the amount from Schedule C, line 23, column (a) |
| Line 5 | Interest | Taxable interest on U.S. obligations and on loans, notes, mortgages, bonds, bank deposits, corporate bonds, tax refunds, etc.; do not offset interest expense against interest income |
| Line 6 | Gross rents | The gross amount received for the rental of property; deduct repairs, interest, taxes and depreciation on the proper deduction lines |
| Line 7 | Gross royalties | Printed on the form as “Gross royalties” |
| Line 8 | Capital gain net income | Attach Schedule D (Form 1120) |
| Line 9 | Net gain or (loss) from Form 4797 | Form 4797, Part II, line 17; attach Form 4797 |
| Line 10 | Other income | Any other taxable income not reported on lines 1 through 9; list the type and amount on an attached statement |
| Line 11 | Total income | Add lines 3 through 10 |
What is not in line 11
Tax-exempt interest is not part of line 5. The instructions say to report it on Schedule K, item 9. Compensation of officers and every other deduction come after line 11, starting with line 12, so they reduce income later rather than reducing line 11 itself.
Where line 11 goes next
Line 27 adds the deductions on lines 12 through 26. Line 28 is then line 11 minus line 27, “Taxable income before net operating loss deduction and special deductions,” which leads to the net operating loss deduction on line 29a and taxable income on line 30.
Line 10 examples
The instructions list recoveries of bad debts deducted in prior years under the specific charge-off method and amounts includible from Form 6478 (Biofuel Producer Credit) among the examples of other income for line 10.
Worked example
Harbor Tool Supply, Inc. (made up) has gross profit of $480,000 on line 3, $3,000 of dividends and inclusions on line 4, $1,200 of interest, $18,000 of gross rents and a $2,500 recovery of a bad debt on line 10, with nothing on lines 7 through 9. Line 11 is 480,000 + 3,000 + 1,200 + 18,000 + 2,500 = $504,700. Names and figures are made up.
More line pages in this set
Related lines: Form 1120 Line 26, Form 1120 Line 28, Form 1120 Line 29a, Form 1120 Line 30, Form 1120 Schedule J Line 12, Form 1120 Schedule J Line 17, Form 1120 Schedule J Line 18.
Sources
- Instructions for Form 1120 (2025): the line-by-line instructions on this page. Page last reviewed or updated April 30, 2026. Read November 2, 2026.
- Form 1120 (2025), U.S. Corporation Income Tax Return: the printed line wording and arithmetic on the form (Form 1120 (2025), created 9/26/25). Read November 2, 2026.
Tax year 2025 forms and instructions: Form 1120 (2025) and its 2025 instructions. Line numbers and labels were read from the IRS PDF and instructions on the date read and can change between tax years, so check them against the form for your year. Names in worked examples are made up.
Frequently asked questions
What is Form 1120 line 11?
Total income. You add lines 3 through 10 of page 1: gross profit, dividends and inclusions, interest, gross rents, gross royalties, capital gain net income, Form 4797 gain or loss, and other income.
Does line 11 include officer compensation?
No. Compensation of officers is line 12, a deduction. Deductions on lines 12 through 26 are added on line 27 and subtracted from line 11 on line 28.
Where does line 4 come from?
From Schedule C. You complete Schedule C and enter the amount from Schedule C, line 23, column (a), on line 4.
What goes on Form 1120 line 10?
Other taxable income not reported on lines 1 through 9, with the type and amount listed on an attached statement.
Where is tax-exempt interest reported?
Not in line 5. The instructions say to report tax-exempt interest on Schedule K, item 9.
Not tax advice
This page summarizes IRS instructions, mostly written for the people who prepare the form, and is not tax, legal or financial advice. A CPA or an enrolled agent can confirm what a line means for your return. Everything runs in your browser; nothing you enter is sent anywhere.