Reply to Effective Family Contribution-FASFA

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]On a different segment of FAFSA - In general, net gain from an investment will be = Proceeds from sale - expenses related to sale - taxes on gain.

Do you value investment that way and report such an estimated gain on FAFSA?  Because, after all the money you can spend on your kid's education is the net gain and not the absolute value of the investment.

How do you value the asset of a rental property?  Is it Expected sale price - mortgage debt - cost of prepping the property - realtor commission - seller's share of taxes - capital gains tax?

The costs associated in disposing a rental property, including capital gains tax, are usually significant and they reduce the net cash from sale available for kid's education will be much less than the value of a rental property given by websites like Zillow.

Appreciate guidance on above questions from knowledgeable forum members.  TIA.

[/quote]

Please start a separate thread.  This is unrelated to the original question.[/quote]

Are you the OP?  I thought OP's question was adequately answered by others before I posted.[/quote]
Completely different poster but I agree - why wouldn’t you start a new thread?[/quote]

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