For the “parent other real estate”, is it optional to check “rent real estate to others” if we do like in the FAFSA?
Clarification needed. There is no option on FAFSA to check “rent real estate to others,” at least on the paper version of FAFSA.
If Profile offers this option when reporting other (meaning non-primary home) parent-owned real estate, and that other real estate is in fact rented to others, than common sense says to check the box.
Sorry, I meant on the FAFSA, there was some options that were optional that you don’t have to report like investments. Thanks for the answer
I don’t think the FAFSA questions are optional. If you have certain types of assets.or there value is below a certain amount there might be exclusions, but I don’t believe you can just choose not to list them.
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On the FAFSA, there is NO option for not including the equity value for real estate other than your primary residence. If your family owns rental properties, the equity in those is an asset, and the rents are income.
Same with the Profile.
Why would you think you can exclude these?
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