Self-employed, low income but just sold house

twoinanddone
Fri, 29 Jan 2016 18:24:40 +0000

As husband is self employed, it’s unlikely they can file a 1040A, so they won’t qualify for simplified assets.

You need to appeal. On the school’s FA page, there might be a form you use to appeal, or you might have to contact them directly. You complete the forms and then submit them and the supporting documentation to the FA office. Then wait. Make sure you explain all three things, that the asset is your proceeds from a home sale and you are going to reinvest it in another home, that your husband’s income is less in 2016 than 2015 (or did you mean 2014?), and that you are a displaced worker.