inherited share in property

Paying for College
1

<p>My husband was starting to fill out the Profile last night and had a couple questions. He inherited a quarter share in some property. Part of the property is in an LLP and part of it is in a family limited partnership.<br>
Should the value of his share go in "Other real estate?"
There was a question that asked if either parent had a share of a partnership. When he answered Yes, it said that answer conflicted with another answer where he had said neither of us was self-employed. How should he answer this?</p>

<p>And I guess a more general question is, where is the best explanation available for the finer points of the FAFSA and the Profile? I'm wondering if there are some more specific instructions somewhere that we are missing.</p>

<p>Thanks so much.</p>

2

<p>I think “share of a partnership” has to do with a business/corporation…not a share of property with family.</p>

3

<p>A partnership and a corporation are two different entities (mutually exclusive).</p>

4

<p>He puts his share current value as other real estate.</p>