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<p>Did you look at the form 4562?</p>
<p>Quite frankly I don’t get what the argument is all about. I have no idea what possessed me to reply to sylvan’s post, but I did not think it would become such a big deal.</p>
<p>While amortization is not the losses (as sylvan rightfully pointed out), neither is depreciation. Both are deducted from income and thus can contribute to the loss on tax return. What I think everyone agrees on, schools that look at CSS profile will most probably add both depreciation and amortization back before deciding on what on the family’s EFC.</p>