<p>@sylvan8798 </p>
<p>The issue may not be much for rentals…except for depreciation and maybe gas/trips. I don’t think CSS schools provide a written list of what gets added back in unless really pressed for details. The info just doesn’t come with the FA award. </p>
<p>I think the issue is more for the self employed/independent contractors. A Columbia Univ parent was quite upset two years ago here on CC when his wife’s Realtor deductions were largely added back in. I can’t remember if he was given an itemized list of what was added back in, but the additions increased her income by over $25k.</p>
<p>Another parent, (can’t remember the school) complained that her H was self-employed and the school added back in the “employer portion” of FICA. </p>
<p>Various things that seem to be subject to being added back in…car leases, some gas, cell phones, deductions related to allotting a portion of one’s home to the business as an office, meals, car insurance, employer portion of FICA, etc.</p>
<p>This is just a guess, but I suspect that schools are also wary of business owners who deal with a good bit of cash (restaurants, dry cleaners, nail salons, etc) claiming small incomes, but living in nice homes, having substantial savings, etc. </p>