<p>OK, so I should fill out the 1040(a?ez?) with the schedule c, showing that she had a business loss, which will cancel out her W2s. She is a dependent so I won’t have her deduct any tuition/room/board, and she really doesn’t need to to get to $0 anyway. Her training however included a monlogue coach and voice teacher for a few lessons over the summer. Those she should be able to claim I think.
It really hurts the kids to show much income on the fafsa form. They really up that EFC when they see it, so my main objective is to keep that number low in order to get what she needs for school. Is it unusual to be paid with a 1099 in this business? I rather like it, as the expenses really add up for these kids and it’s great to finally be able to claim them.
Thanks for all your info. I hope to be able to get to renew the fafsa by the end of this week, so if anyone thinks I’m going about it wrong, please let me know!
Thank you :)</p>