<p>For the value of 529 Plans where the student's siblings are the beneficiaries, does that go under </p>
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PA-105A: Enter the total value of your parents' assets held in the names of your (the student's) brothers and sisters who are under age 19 and not college students.
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</p>
<p>or </p>
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[quote]
PA-120: What is the total current market value of your parents' investments? Do not include your parents' home, business, farm, real estate, or retirement plans. Worksheet
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</p>
<p>Thanks!</p>
<p>I would say PA-120. Parents are generally the owners of 529 accounts and the beneficiary can be changed. Certainly for FAFSA, 529 accounts owned by the parent with students as beneficiaries are considered parent assets.</p>
<p>Ok, that makes sense to me. I can’t imagine it makes a huge amount of difference which line it is reported on – that whole section is parent assets. They were reported as Parent assets for FAFSA. </p>
<p>I just realized that the older sibling’s 529 has to go under 120 because he is not under 19 and he is a college student. The instructions for line PA-120 mention 529 plans, but they don’t make it clear whether it is the student’s 529 or all the parents’ 529s. But given that limitation on 105A it definitely makes sense to put them all in 120. </p>