From: utzoo!decvax!harpo!utah-cs!utah-gr!pwa-b!miorelli Newsgroups: net.taxes Title: Re: Income Averaging - (nf) Article-I.D.: pwa-b.64 Posted: Mon Mar 21 13:11:30 1983 Received: Wed Mar 23 21:46:37 1983 References: umn-cs.203 Income Averaging for graduate students is really interesting. I've been doing some research on this subject and have found conflicting opinions. Yes, you must support yourself in each of the base period years; however, the tax courts disagree on whether non-taxable graduate student grants count as support by you or not. Two versions of the 1983 Prentice Hall Tax Guide (the big one is about 12" thick) disagree. It appears that different IRS centers are interpreting this differently. What am I trying to say?? Well, if you want to be safe don't do it; however if you are willing to risk an audit and fight the IRS you might save yourself a lot of bucks. GOOD LUCK !!!!!!!!! -->BoB Miorelli, Pratt & Whitney Aircraft (also H & R Block) decvax!harpo!utah-cs!utah-gr!pwa-b!miorelli