I am looking at purchasing some property in Italy. I cannot find any information as to whether or not foreign assets are included on the fafsa and other aid calculators. Are they or are they not reportable assets?
Thank you,
Why wouldn’t they be included? If you could exclude assets from financial aid calculations by stashing them overseas for a while, why wouldn’t everyone do that?
Reportable in US dollars at the exchange rate of the day.
Definitely reportable.
Thank you to happymomo and middkid86
to momma j, you pay income tax on money earned here in the US, on Income earned in Italy or other country where you earned it. Many other items are not reportable. I was asking a question and seeking answers, not really looking for sarcasm.