Does child support take into consideration rental losses?
I'm heading into mediation to address some issues with child support and other costs. The child support calculators ask me to enter my gross income. I assume this is before taxes, but what about rental real estate losses? I make a salary at my full time job, but have two properties that rent out and am losing money on. I reported this as a loss on my taxes through schedule E. So line 22 (total income) on my 1040 is about $10,000 less than line 7 (salary) on my 1040.
Which number should be used when calculating child support?
Thanks