![]() Our Financial Aid Office uses these forms to verify the information that you/your parents reported on your CSS Profile and/or FAFSA forms. Most families have submitted these forms to the IRS already for last year's federal income tax return, so the forms should be available to you or your parent(s)/guardian(s). This page explores some of the more common tax forms that are required when domestic students complete the CSS Profile and FAFSA. You may simply upload a single PDF of your tax return(s) to IDOC, and IDOC will separate and organize your submission for you - it's very easy! We need the entire return as you submitted it to the IRS including your personal return, your corporate and/or partnership return (if you own a business), including all schedules and pages. QUICK TIP: To keep it simple, upload your entire U.S. 1099-K reports payments you received from third-party processors – like Venmo or PayPal – for sales of goods or services.Swarthmore, PA 19081 What Tax Forms Are Required?.SSA-1099 reports the Social Security benefits you received for the year.You generally need to report the distribution on Form 8889 when you file your tax return but distributions for qualified medical expenses are not taxable. 1099-SA reports withdrawals from your HSA.This form comes in your closing paperwork rather than in January. The amount may not be taxable – for example, if you’re single you can generally exclude up to $250,000 in home sale profits from taxes, or up to $500,000 if married filing jointly if you lived in the house for two of the past five years. 1099-S reports proceeds from selling a house.It shows whether any taxes were withheld from the distribution and provides more information about the withdrawal. 1099-R reports distributions from retirement savings accounts, pensions, annuities, profit-sharing plans and life insurance contracts.You won't pay taxes on them if you used them for qualified education expenses. The form reports your gross distributions and earnings separately. 1099-Q reports withdrawals from qualified education programs, such 529 college-savings plans and Coverdell education savings accounts.1099-OID reports money you received from certain types of bonds.Prior to 2020, this income was generally reported on Form 1099-MISC. 1099-NEC reports freelance or consulting work earnings.1099-MISC reports several types of miscellaneous payments – for example, if you earned $600 or more in prizes and awards – plus other types of income.Contact your long-term care insurance company for more information. ![]() ![]() These aren't usually taxable if they were paid from a tax-qualified long-term care insurance contract (the insurer may check the “qualified contract” box on the form if it is tax qualified). 1099-LTC reports l ong-term care insurance benefits you received.The form reports the interest income you received, any federal income taxes withheld, tax-exempt interest and other information. 1099-INT reports interest income typically of $10 or more from your bank, credit union or other financial institution.1099-G reports money you received from the government, such as state and local tax refunds and unemployment compensation.1099-DIV reports income you received through dividends and other stock distributions (generally $10 or more).1099-C reports debt of $600 or more that a financial institution or lender canceled or forgave.1099-B reports income you received from the sale of stocks, mutual funds, ETFs and other types of financial transactions, plus the sale date and other information. ![]()
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