WORKSHEET
(DO NOT SUBMIT)
SECTION 2-K
PARENTS’ 2019
UNTAXED INCOME &
BENEFITS
AMOUNT
Welfare benefits
(e
xcept AFDC, ADC or
TANF, which you should
have reported in 2-H)
$___________
Veterans’ noneducational
benefi
ts such as Death
Pension, Dependency &
Indemnity Compensation, etc. $___________
Workers’ Com
pensation $___________
Cash or any money paid
on your
behalf not reported
elsewhere on this form (Don’t
include child support) $___________
Black Lung Benefit
s $___________
Refugee Assistance $___________
Untaxed portions of
Rai
lroad Retirement $___________
TOTAL $___________
Enter in question 2-K
IN QUESTION 2-K, DON’T INCLUDE:
Child support,
AFDC, A
DC or TANF benefits,
Social security benefits,
Any income reported elsewhere on the
form,
Money from student financial aid,
Food stamps,
JTPA benefits,
Gifts and support, other than money,
received from friends or relatives,
“Rollover pensions”,
Veterans educational benefits (GI Bill,
Dependents Educational Assistance
Program, VA Vocational Rehabilitation
Program, VEAP benefits, etc.)
Payments received from states for foster care and
adoption assistance,
under title IV-A or IV-E of the Social
Security Act, or
Contributions to, or payments from,
flexible spending arrangements (e.g.,
Cafeteria plans, medical savings accounts)
SECTION 4
PARENTS’ ASSETS
Answer each question. I
f a question doesn’t apply to
the student’s parents, write in “0”. If the information
for only one parent is being given because of
separation or divorce and that parent has jointly
owned assets, give only that parent’s portion of the
assets and debts. If the student’s parents have
assets jointly owned with someone else, give only
the parents’ portion of the assets and debts.
IN QUESTIONS 1-8/SECTION 4, DON’T INCLUDE
personal or consumer loans or any debts that are
not related to the assets listed,
the value of life insurance policies or retirement
plans (pension funds, annuities, IRA’s, Keogh
plans, etc.) or
student financial aid.
IN QUESTION 3/SECTION 4
If a student’s parents own a home, write in how much
the home is worth. Use the price they could reasonably
expect to receive for their home if it were sold TODAY.
Don’t use assessed, insured, or tax value. A “home”
includes a house, mobile home, condominium, etc.
Renters write in “0”. Then write how much is owed on
the home, including the present mortgage and related
debts on the home. Don’t include interest due. Check
with the mortgage company.
IN QUESTION 4/SECTION 4
If the student’s parents own other real estate (including
rental property, land, second or summer homes), write
in how much they are worth TODAY. Don’t include
business or farm assets. Then write in how much the
student’s parents owe on other real estate.
IN QUESTION 5/SECTION 4
If the student’s parents have investments, write in what
they are worth TODAY on the worksheet below. Give
the total question 4. Don’t include savings given in
question 1. Then write in how much the student’s
parents owe on their investments.
Worth
Trust funds $___________
Stocks, bonds &
Mut
ual funds $___________
Money market
funds
$___________
Certificates of
Deposit $___________
Commodities
$___________
Precious &
strategic metals $___________
Installment &
land
sale contracts
(including mortgages
held) $___________
All other
Invest
ments $___________
TOTAL WORTH
$___________
E
nter in question 5
IN QUESTION 6/SECTION 4
If the student’s parents own an
investment farm, write in TODAY’S
value. Include the value of land,
buildings, machinery, equipment,
livestock, inventories, etc.
Then write in amount owed on the farm.
Include only the present mortgage and
related debts for which the farm was
used as collateral. If the student’s
parents are not the sole owners, write
only the parents’ share of the total value
and debt.
IN QUESTION 7/SECTION 4
If the student’s parents own a farm
which is their principal place of
residence and they claimed on
Schedule F of the tax return that they
“materially participated in the farm’s
operation,” include the value and debt of
the farm for answer to #7 not, #6.
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