Doc 2b

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From what I have heard is that you don't report it as anything.
 

OSUdoc08

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icebrat001 said:
I've filed taxes this year, but i'm starting to get loans now and I want to think ahead.

When I do taxes next year what do I report the loan money as? If it's reported as income won't that cause me to not get financial aid the next year?

What's the deal?
No, you don't report loans as income.
 

edmadison

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All true answers; however if your loans are ever forgiven without being paid back, that constitues income.

Ed