<p>We need to complete the CSS Profile in the next week or so (before Nov. 1). We have downloaded the worksheet and the instructions. I have also checked online at collegeboard in the FAQ section for completing this Profile. My question is about “Section L - Parents Expected 2006 Income” .
They do not clarify whether they are asking for expected 2006 “gross income” or taxable income. Taxable income makes more sense to me since that is the amount that gets listed in Section K where we report our 2005 income from tax forms. Thanks for any help here.</p>
<p>you put your gross income-
If you put say $10,000 in your retirement account for 2005- it isn’t going to be taxable- however- they are going to assume money that you parted wilingly with the year that is covered in forms is available for college funds.
<a href=“http://www.finaid.org/calculators/finaidestimate.phtml[/url]”>http://www.finaid.org/calculators/finaidestimate.phtml</a></p>