College Bound - Question & Answer

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College Bound
updated: Feb 08, 2013, 7:47 PM

By Edhat Subscriber

Can someone tell me where I'm supposed to put these assets?

I own 1/3 of a small rental property in partnership with siblings (grandma's old house) ... is it "other real estate".... a "business" .... or a "partnership" (it does generate schedule K forms).... (I realize it's all 3 but I think I should only list it once, correct?

Similarly, I'm 5% owner of a restaurant... "business" or "partnership" (also generates schedule Ks).

I'm pulling my hair out... CSS is LONG!

Comments in order of when they were received | (reverse order)

COMMENT 372537P

2013-02-09 09:12 AM

Call Schoarship Foundation of Santa Barbara for financial aid advising/assistance. 805-687-6065 www.sbscholarship.org.

SCEPTIC

2013-02-09 06:36 PM

FAFSA instructions may help.

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