Small business vs Realestate Investments

Paying for College
1

<p>Our small family business is rental property. Hubby does all activity, (upkeep, repairs, maintinence, landlord issues, books, etc.) I do leases and cleaning. Kids have all done cleaning etc..
We do not take pay for our work. all $$ goes for mortgages, taxes, utilities, insurance etc...
Hubby occasionally has odd jobs on the side which is reported on 1099s. I have regular job with w-2 wages.
We usually end up with a business loss.<br>
Question is; since this is hubbys primary business activity, (my secondary) do we need to include as Realestate Investments?
Any assistance is appreciated.</p>

<p>dm</p>

2

<p>Rental properties are not generally considered as small business by FAFSA. From
Completing</a> the FAFSA 07-08/The Application Questions(70-77)</p>

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Investments</p>

<p>Rental properties. Generally, rental properties must be reported as investment assets rather than as business assets. To be reported as a business, a rental property would have to be part of a formally recognized business. (Usually such a business would provide additional services, such as regular cleaning, linen or maid service.)

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