Low income/High one-time capital gain, now unemployed

[cshell2]

@BelknapPoint

The op state their “inflated income from capital gains” is affecting financial aid.

Well, despite the quotes, that’s not exactly what OP wrote, and there is no mention of tax being owed on a capital gain. My hunch is that OP should have written inflated assets instead of inflated income.

The only reason I mentioned taxes was I couldn’t understand why the gain would be included on the return at all if it wasn’t above the taxable threshold. But, I suspect you’re right and this is about the 200K savings account they now have.