There is a question I’m confused about on the CSS Profile!
Enter the income parent 1 earned from work in 2014 from his or her 2014 IRS Form 1040, lines 7, 12, and 18 and IRS Schedule K-1 (Form 1065), Box 14 (Code A). If lines 12 or 18 or box 14 are negative, treat them as zero. If your parents filed a joint return, enter only parent 1’s portion of lines 7, 12, and 18 and K-1, box 14. (Parent 1 is the parent you entered in PD-105.)
Enter the income parent 2 earned or expects to earn from work in 2014 from his or her 2014 IRS Form 1040, lines 7, 12, and 18 and IRS Schedule K-1 (Form 1065), Box 14 (Code A). If lines 12 or 18 or Box 14 are negative, treat them as zero. If your parents filed a joint return, enter only parent 2’s portion of lines 7, 12, and 18 and K-1, box 14. (Parent 2 is the parent you entered in PD-195.)
***** My parents have a joint tax return, so do I just put the total amount (For example: 10,000), into both questions or just the first question?
Also…
Enter the amount of income parent 1 expects to earn from work in 2015. (Parent 1 is the parent you entered in PD-105.)
Enter the amount of income parent 2 expects to earn from work in 2015. (Parent 2 is the parent you entered in PD-195.)
***** My parent’s joint wages was around 15,000. (They own a business). So for parent 1, do I put 7000 and for parent 2, I put 7000? (Just an estimation)
Thank you!