How do I report taxable income from financial aid?
Let’s learn how do I report taxable income from financial aid. The most accurate or helpful solution is served by swic.edu.
There are ten answers to this question.
Best solution
Financial aid received in an amount greater than the cost of tuition, fees, books and supplies may be subject to income taxes. Retain all financial aid records to ...
swic.edu
Other solutions
I'm twenty three and I'm on unemployment (which about to run out) and I really want to take this chance to go to school, but I have to report my parents on my fasfa even ...show more
Answer:
Are you positive you have to report your parents? At the beginning they ask you a series of questions...
H4F53L7YAOOBXU6AA2ZWAJEX5Q at Yahoo! Answers Mark as irrelevant Undo
Answer:
Yes you do it is considered normal income. It is suppose to even be reported on taxes. If you make under...
Anonymous at Answerbag.com Mark as irrelevant Undo
astory88 at Answerbag.com Mark as irrelevant Undo
I do not want to have to include my parents income on my application for Federal student aid. Do I have to?
Answer:
All of the answers so far are wrong. Nowhere on the FAFSA does it ask if your parents claim you on their...
lil_ny_s... at Yahoo! Answers Mark as irrelevant Undo
My total adding together my loan and financial aid (grants) the total is 15,408.50 my qualified tuition is 4,862.50 so do I have to report 10,546.00 as my income?
Answer:
Loans are not considered income. Generally, you will only have to report as income any amount of grants...
autumn97... at Yahoo! Answers Mark as irrelevant Undo
I am thinking of moving into a bigger apartment this summer and asking my friend to move in with me and be my roommate. However, my mom said that I would have to report my roommate's income as part of the household income. Since moving in will actually...
Sunshine... at Yahoo! Answers Mark as irrelevant Undo
So I got chosen for verification..again. And I seem to have questions every time. On my FAFSA I did not report ant of my financial aid money as part of the income. On my verification worksheet it's asking me how much I had in 2009 in Financial Aid. I...
Answer:
If it is asking how much you got in aid, then you need to report how much you got in aid.
Kristin at Yahoo! Answers Mark as irrelevant Undo
I live with my mom in a different state. I rarely see my dad and he has never paid any child support. My mom files "Head of Household" on her taxes. Do I have to report my dad's income? My dad makes a lot of money, so it seems as if I did have...
Answer:
You put down the information of the parent who supports you at least 50%. Since your dad has never made...
Checkin' Things Out at Yahoo! Answers Mark as irrelevant Undo
My parents have joint custody, but I live with my mother and have little contact with my father. If I were to only report my mother's income, I would probably receive the aid that I really need to help with expenses. However, if I were to report both...
Jessi at Yahoo! Answers Mark as irrelevant Undo
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