Are Certificates of Deposit (CDs) reported as assets?
Yes. They are investments and should be reported in question H3. Return to Top Q: The worksheet for question H3a asks the value of “installment and land sale contracts (including seller-financed mortgages).” What is that, and do I include our home in that value? Also, what do I enter for “What is owed on these investments?” A: An “installment and land sale contract” is a contract drawn between a buyer and a seller for the sale of property with payments usually made in installments. Ownership of the property is not transferred until all of the payments have been made. The value is the current sale value of the contract held. “What is owed on these investments” is the current amount still owed on the property. Report the current pay-off amount of the debt. This amount does not include any interest due or accumulated. Include all mortgages on the property. Report the value of your home in question H4a, not in question H3a.
