Form 1088 Comparative Income Analysis
This document will review how to navigate the IncomeXpert tool including the following topics
- Income Types With a 1088
- Using The 1088
- Stand Alone 1088
Step by step instructions
What Income types have a 1088?
- Schedule C
- 1065 Partnership
- 1120S Corporation
- 1120 Corporation
Where to find the 1088 on the listed income types?
Every self employed income type noted above contains a 1088 calculator. Click on the blue button named “Comparative Income Analysis” to open the calculator.
Adding data to the 1088
The boxes below in YELLOW are used for most calculations. The most recent year goes in the middle column and the previous year in the column to the right. The left column (highlighted by the red arrows) are only if the user intends to use a P/L for the current year.