<p>I’m going to guess at the answer. For the 2013-2014 school year, you use income from 2012. For the 2014-2015 school year, you will use income from 2013. I’m guessing that when you complete the 2014-2015 FAFSA - Profile forms, your son’s annuity payouts taken in 2013 will be listed as untaxed income. </p>
<p>I’m sure someone will correct me if I’m wrong!</p>
<p>For this year, he didn’t take any distributions in 2012 so you would not list anything…anywhere.</p>