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No it is not the same as your AGI. Where are you seeing that question? What are you trying to do? We cannot see your screen or your tax return.
Its one of the questions for financial aid...
@jkavila10 wrote:
Its one of the questions for financial aid...
Are you talking about the question on the FAFSA that asks "How much did you earn from working?" It does not say "wages, salaries, tips, etc." The explanation above the question on the FAFSA tells you exactly what to include: "Form 1040—line 1 + Schedule 1—lines 12 + 18 + Schedule K-1 (IRS Form 1065)—Box 14 (Code A)."
If I didn't filed a Schedule 1 or Schedule K, should I just put the number in form 1040-line 1?
That's right. If you don't have those schedules in your tax return, you don't add anything for them.
Thanks!!
I am filling out a FASFA for my daughter. I need help with this question.
You can get these numbers from your Form 1040. If you have not paid for your return, TurboTax let's you preview your form.
Line 1 is your wages from your W-2s. Schedule 1 line 3 is self-employment income (usually 1099-NEC), line 6 is farm income. Schedule K-1 is partnership and S-corporation income. If you have a K-1 you probably have not received that form yet.
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