FAFSA income tax return question?
My parents will file for a 1040A this year and one of the questions goes like this: If your parents have filed or will file a 1040, were they eligi...
My parents will file for a 1040A this year and one of the questions goes like this:
If your parents have filed or will file a 1040, were they eligible to file a 1040A or 1040EZ (question 84)?
Select Yes if your parents filed or will file a 1040 but were eligible to file a 1040A or 1040EZ.
In general, your parents are eligible to file a 1040A or 1040EZ if they:
Make less than 0,000 per year,
Do not itemize deductions,
Do not receive income from their own business or farm,
Do not receive self-employment income or alimony,
Are not required to file Schedule D for capital gains.
Your parents are not eligible to file a 1040A or 1040EZ if they:
Make 0,000 or more per year,
Itemize deductions,
Receive income from their own business or farm,
Receive self-employment income or alimony,
Are required to file Schedule D for capital gains.
If your parents filed or will file a 1040 to claim Hope or Lifetime Learning credits, and they would have otherwise been eligible to file a 1040A or 1040EZ, you should answer "Yes" to this question.
Select No if your parents filed or will file a 1040 and were not eligible to file a 1040A or 1040EZ.
Select Don’t know if your parents filed or will file a 1040 and do not know if they were eligible to file a 1040A or 1040EZ.
So if my parents are filing for the 1040A and not the 1040 do I put yes or I don’t know?
Kat:
Check your answer to question 83, the question right before the question you are struggling with.
Question 83 says:
What income tax return did your parents file or will they file for 2008?
IRS 1040
IRS 1040A or IRS 1040EZ
A foreign tax return
A tax return with Puerto Rico, another US territory, or freely associated state.
If you correctly answered that question "IRS 1040A or IRS 1040EZ" (choice 2), the program should have skipped Question 84, because it doesn’t apply.
If you’re doing this on paper, you can skip Question 84.
I hope that helps.
Good luck!