Quick question - calculating income...

[florida]

For the 6 month look back period - do all deposits into your checking count towards your income? Or is only money you've "earned".

Specifically, I'm asking about:

- student loan deposits
- credit card cash advances

[NoMoreCards]

I think this would be earned income only. As Student loans and cash advances are both loans.

However, to be sure ask your attorney. If you are filing Pro se, you can always go into a attorney for a free consultation and ask the basic questions.

Be sure to put plenty of time between those cash advances and your filing date. Make payments on it for a couple months before filing. You don't want to raise a flag as to abuse. (taking cash advances while knowing you were insolvent)

Best of luck

[florida]

You know - it makes sense it would only be "earned" income....but I just wasn't sure.

Thanks.

[justbroke]

As NMC stated, it's earned and unearned income. It's not what you put in your account, but the monies received from all sources (regardless of taxability).

If there's a strange $10,000 deposit that doesn't correlate to earned income (or unearned income from... I don't know... interest earnings) then you may have to explain where that came from and how it correlates to your income on Schedule I.

[florida]

I don't have any strange/massive deposits in the last 6 mo. - but I do have cash advances and student loan deposits, in addition to our regular income. (Unfortunately, this is how we survived - sad but true.)
Anyway - I was looking at our last 6 mo and if those deposits are inlcuded - it looks like we make a whole lot of money......

I hope that makes sense.

[justbroke]

I don't have any strange/massive deposits in the last 6 mo. - but I do have cash advances and student loan deposits, in addition to our regular income. (Unfortunately, this is how we survived - sad but true.)
Anyway - I was looking at our last 6 mo and if those deposits are inlcuded - it looks like we make a whole lot of money......

Well, you will probably have to explain those deposits. Just that it correlates to some cash advance.