Box 8. Shows whether you are considered to be carrying at least one-half the normal full-time workload for your course of study at the reporting institution.
Sounds like OP is an "active participant" and would owe SE tax.Sidney wrote:furwut wrote:Read this:
If You Are Self-Employed
According to this, earnings from a limited partnership do not qualify for SS. I guess we don't have enough info from the OP to really diagnose his situation.
I think that's true but if the ex-spouse becomes widowed again, that goes away and he/she can pick the highest benefitdolphinsaremammals wrote:Where did I get the idea that marrying again causes the ex-spouse to lose entitlement to his/her ex-spouse's benefits? Is that a figment of my imagination?
Yes, but she's most likely still subject to the 'kiddie tax" (taxed at parent's rate) for investment income over 2K.tludwig23 wrote:If she's in college, isn't she in the 0% LTCG bracket unless she has significant income from some other source?
And it will not offset LTCG or QDs unless you forego the reduced tax rates on those.Rainier wrote:Yes, it's called investment interest but it can only offset inverstment income.
You need to be able to trace the funds if the irs ever asks.