we are currently struggling with the FAFSA application.
M-I-L gifted us some stocks that we sold and we had some capital gains, most of which was put into our IRAs.
How do we report this in the FAFSA application without it looking like we gained twice as much as we actually did?
The capital gain is added to the income, and so are the IRA contributions, but it's the same money.
Are we making a mistake somewhere?