I might be over thinking this but what qualifies as income for the means test - is there a specific definiton that is use to detemine what is income?
I know wages earned is used in calculation but what about these other types of funds that may be received in prior 6 months:
Stock dividend
sale of stock
sale of stock with capital gain
sale of boat or car
IRA distribution
Interest on a bank account
Winnings from slot machine that generate tax reporting
winnings from your fantasy football league
Cash you won in a contest
Is income as simple as something that generates reporting to IRS for tax reasons?
Thanks
I know wages earned is used in calculation but what about these other types of funds that may be received in prior 6 months:
Stock dividend
sale of stock
sale of stock with capital gain
sale of boat or car
IRA distribution
Interest on a bank account
Winnings from slot machine that generate tax reporting
winnings from your fantasy football league
Cash you won in a contest
Is income as simple as something that generates reporting to IRS for tax reasons?
Thanks
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