where do I draw the line between informing/annoying aid offices?

Paying for College
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<p>Our EFC is $62,000… wow. My parents income is skewed because of a conservation easement and this isn’t money available to spend. They really only make about $60,000 in income from work, but our annual gross income was $170,000 because of this easement. None of it was taxable…</p>

<p>Are schools going to take this into consideration? We sent a short note to the schools about this. Would it be useful to also call them or would this bother them? </p>

<p>I’m not sure what the proper procedure is for this.</p>

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<p>Advice? Anyone? Please?</p>

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<p>It shouldn’t create a problem if you call them and explain the situation. They are never going to know unless you tell them somehow.</p>

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<p>How does a conservation easement create $110,000 of additional income? I don’t understand this.</p>

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<p>[Conservation</a> easement - Wikipedia, the free encyclopedia](<a href=“http://en.wikipedia.org/wiki/Conservation_easement]Conservation”>Conservation easement - Wikipedia)</p>

<p>it creates an income tax deduction.</p>

<p>not sure how you can deduction more than your income it.
and a deduction doesn’t increase your AGI</p>

<p>I think the Op and parents need to make sure they are doing their taxes correctly and didn’t add value of easement as income instead of subtracting from AGI</p>

<p>based on other posts by the OP, I think they are in colorado
[Colorado</a> Income Tax - Gross Conservation Easement Credit](<a href=“http://www.revenue.state.co.us/fyi/html/income39.html]Colorado”>http://www.revenue.state.co.us/fyi/html/income39.html)</p>