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Investors & landlords
@ayudarme You have a couple of different issues here.
If your financial aid is loans that have to be paid back then you don't need to enter it into your tax return at all. Get your 1098-T from the University and report the numbers from that. You do qualify for the education credits on your tax return even if it is loans that paid for school.
If the financial aid that you received is scholarships they will be reported on your 1098-T as well.
The 1099-K that you received from PayPal is taxable income, unfortunately. Winning money at gambling is taxable. You can report the gambling winnings on schedule C so that you can have it treated as a business and deduct your losses. However, you will have to pay self-employment taxes on the winnings that you have over and above your losses. Alternatively you can just report your winnings as other income but the deduction for losses is an itemized deduction at that point and may not be enough to offset the income.
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