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Linda asks… What to enter on Line 12 on form 1040 if you have multiple Schedule Cs? Line 12 on Form 1040 seems to assume only a single income or loss total from one Schedule C. How are totals from multiple Schedule C’s entered on the 1040 form? Riverpalm answers: All Schedule C income is [...]

Carol asks… Do i include Scholarship and federal Pell grant money on my 1040ez? Am i supposed to include money given to me from scholarships and grants in line 1 of the 1040ez form? Riverpalm answers: If you are a degree candidate and if the financial aid (includes scholarship and fellowship) is for tuition fee, [...]