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Do IRAs and 401(k)s have to be reported on the FAFSA forms?

April 26, 2017FAFSA forms IRA reported

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Do IRAs and 401(k)s have to be reported on the FAFSA forms?

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IRA’s, 401K’s or any other retirement funds do not need to be reported in the asset area on the FAFSA. What was contributed into a retirement fund for the prior year must be reported as income.