I turn 62 this year, December 29th, to be exact and I have been mostly unemployed this past year. I do have a small web design internet marketing company that I hope to get going in the coming year. All the information on this site has been very helpful.
Here is a tough question however. I have a small charitable trust that I receive every quarter. The amount I receive each year is based on how much the trust earns the previous year, and I receive a K-1 form to file with my taxes. The amount I receive in 2008 is about $675 quarterly or a little over $2,500 for the year. Would this amount be considered income and charged against my income limit?
Millard in Georgia
http://www.usablogger.us
Here is a tough question however. I have a small charitable trust that I receive every quarter. The amount I receive each year is based on how much the trust earns the previous year, and I receive a K-1 form to file with my taxes. The amount I receive in 2008 is about $675 quarterly or a little over $2,500 for the year. Would this amount be considered income and charged against my income limit?
Millard in Georgia
http://www.usablogger.us
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