I'm a self-employed contractor/consultant, and trying to use the College Board net price calculators for a number of private schools. I am unclear on the 3 lines where income is entered, even after searching the CC threads on the same topic.
My specific questions are on the following 3 items:
1) How much did your parents earn in wages, salaries, and tips in the most recent tax year? -- instructions indicate this is from line 7 of 1040. Is this $0, since I am paid through 1099's, not through a W2?
2) How much did parent 1 earn from work (instructions point to 1040 lines 7, 12, 18 of 1040)? Is this my gross (1099) business income (not AGI) from Schedule C.
3) How much did your parents have in business income or losses? This is the one I am most puzzled about - as a self-employed person, should this be $0, or the same as #2 above (or something different?).
Any insights much appreciated!
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