“what is the net worth of your parents’ current businesses and/or investment farms? Don’t include a family farm or family business with 100 or fewer full-time or full-time equivalent employees.” (cited from FAFSA) I have a small business (S. Corporation). For tax return, I did schedule K-1 (Form 1120S). I am the owner and the only employee. Should I report the assets of my business in FAFSA?