Should my parents report unsold stock value in the FAFSA and net price calculator.
Yes, it is an asset. If they have a 1,000 shares of XYZ Corp. and it is trading for $23.67 on the day they fill out the form, they have to include $23,670 in assets.
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Where are the assets held? In a plain vanilla brokerage account (then yes- they get reported) or in an IRA/401K?
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It’s a trading account. Thanks for the quick response…
The relevant question in the FAFSA app: "As of today, what is the net worth of your [parent(s] investments, including real estate (not your [parent’s] home)?
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OP’s question was about their trading portfolio, not their home.
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Here’s the info with detailed explanations.
https://studentaid.gov/2324/help/parent-investments
edit to add: Interesting: in my earlier post I had info in brackets and the text got deleted in a way that makes it looks like I answered the wrong question! Here’s what I wrote with parentheses subbed in place of the brackets
“The relevant question in the FAFSA app: "As of today, what is the net worth of your (parent(s)) investments, including real estate (not your (parent’s) home)?”
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Aren’t you the parent?
Temporarily closing thread.