What were your parents’ total untaxed portions of IRA distributions?
This is question 94e on the paper FAFSA.
The answer to this question may be pre-filled with "Transferred from the IRS."
If the answer to this question is not pre-filled, enter the total amount of the untaxed portions of IRS distributions your parents received in 2017. If the total is a negative amount, enter a zero (0).
If your parents filed:
IRS Form 1040 – Use Lines: 15a minus 15b, and subtract rollover amounts from the total.
IRS Form 1040A – Use Lines: 11a minus 11b, and subtract rollover amounts from the total.
If your parents filed separate tax returns, use the table below to calculate their total untaxed portions of IRA distributions.
|If one parent filed a…||…and the other parent filed a…||Then enter the following:|
|1040||1040||Subtract the total of lines 15b from the total of lines 15a. Then subtract all rollover amounts from the remainder.|
|1040||1040A||For the 1040 - Subtract line 15b from line 15a, then subtract all rollover
amounts from the remainder. |
For the 1040A - Subtract line 11b from line 11a, then subtract all rollover amounts from the remainder.
Add the total remainders from the 1040 and 1040A and enter this amount.
|1040A||1040A||Subtract the total of lines 11b from the total of lines 11a. Then subtract all rollover amounts from the remainder.|
If one or both parents will file a federal tax return, but have not yet filed, estimate the amount that will appear in the lines noted in the table above.
Note: The line number references above are from the IRS tax form, not from the W-2 form.
Round to the nearest dollar and do not include commas or decimal points.