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07I17/1997 11:30 <br />50~- 797-~~35 <br />~ <br />HANNA MCELDOWNF" <br />~.r+ <br />~-~a~nna, McEldawney & A~sociates <br />sa~s s.w. c~,y~ ~, su~c~ aos <br />Portland, OR 97Z25 <br />TBI. No.: (S0~) 247-95$B FAX Na.: {5p3) 2~7-2835 <br />~wx ~a <br />DA1'E: <br />TO: <br />, FROM: <br />SIJBJECT: <br />~~aly 17, 1997 <br />:~+ecca Reel {Fax 4fF364-1453) <br />k:~ger ~Ianna <br />~~~6 of Incame Issue <br />PAGE 01 <br />~'er au~ t~l~phone cc~nversation t~bd~y, I azn ~axi~g you twa pa~es from the ODOT manual <br />regardin~ "Huusehol~l ~ncome" and "full time students" . <br />tt is my vi.ew that th~ full time student in questian is either a dependent (in wt~~~h case the 3096 <br />rule does not apply) on c~ is not a dependent in which case yau must use ~ houschold "u-come <br />for the 3096 catculatitin. As st~ted unde~ 6.SQ~, household income includes income from "any <br />sourae" which I bel~~ve includes student laans, scholarships, etc. This makes sens~ because <br />-~noney borrt~wed to ~o to school full t~me tak,es the place of ~arned incame from a job. Hence, <br />the student loan is mo¢tey that is nee+ded aot only for tuit.ion and books but also for living <br />c~cpenses and shauld t~ inctud~d as household incume as part of the 309~ calculada~n. <br />11Tp p~ ~CS: ~ (~nctudin~ Cov~r Page) <br />