Tax and financial aid planning question:
Does foreign earned income exclusion get added back for financial aid purposes?
The CSS profile asks for the amount on the FEIE form 2555.
Will they effectively add this back to the AGI for a modified AGI (MAGI) ?
Or maybe it depends on each school?
How about depreciation on real estate, is that added back too?
It depends on the school. If they are asking for that amount…would assume they plan to use it.
Depreciation on real estate? Is this a rental property?