I am a retired financial aid director. https://fsapartners.ed.gov/sites/default/files/2023-2024/2023-2024_Federal_Student_Aid_Handbook/_knowledge-center_fsa-handbook_2023-2024_application-and-verification-guide_ch2-filling-out-fafsa.pdf is the most recent guide to completing the FAFSA. The asset rules are similar for Profile, but Profile requests additional details. Asset information starts on page 7 of the pdf. There is a highlighted section (on page 9 or 10, I think) that talks about co-owned assets.
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