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If your answer to question 59 was “Unmarried and both parents living together,” contact 1-800-433-3243 for assistance with answering questions 80-94.

Questions 88 and 89 ask about earnings (wages, salaries, tips, etc.) in 2016. Answer the questions whether or not a tax return was filed. This information may be on the W-2 forms or on the tax return selected in question 81: IRS Form 1040—lines 7 + 12 + 18 + Box 14 (Code A) of IRS Schedule K-1 (Form 1065); 1040A—line 7; or 1040EZ—line 1. If any individual earning item is negative, do not include that item in your calculation. Report the information for the parent listed in questions 61-64 in question 88 and the information for the parent listed in questions 65-68 in question 89.

88.  How much did Parent 1 (father/mother/stepparent) earn from working in 2016?
  • $__ , __ __ __ , __ __ __

89.  How much did Parent 2 (father/mother/stepparent) earn from working in 2016?

  • $__ , __ __ __ , __ __ __

Why are they asking this information?

This set of questions asks your parent / parents to determine your parent’s / parents’ overall earnings and income for the year. This would include, but is not limited to their wage earnings.

How to answer this question / fill out this section

For either tax return, use the following to impute their earnings:

  • IRS Form 1040: Use Lines 7 + 12 + 18* + Box 14 of IRS Schedule K-1 (Form 1065)
  • IRS Form 1040A: Use Line 7
  • IRS Form 1040EZ: Use Line 1

Note: If they did not file taxes, they will need to enter the figures in Boxes 1 + 8 on their W-2 statement.

Additional considerations

  • Form 1065 is an associated tax return for business owners. The Schedule K-1 tells your parent/parents how much they have earned from that business.

John Haggerty lives in Philadelphia and is currently employed at Swarthmore College, located in the suburbs of Philadelphia, and comes in ranked #4 in the 2017 edition of Best Colleges in National Liberal Arts Colleges. He has 8 years experience in financial aid. John loves working in higher education knowing that he might play a small part in helping students along their path through college and into the world.

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