Freelance work and reporting business value on FAFSA

Paying for College FAFSA & CSS Profile
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I am a freelance content writer and editor. Of course, my 1099 income was reported on our 2022 taxes, but there is no “business value.” I am default sole proprietor, but I have not formed an LLC, S-Corp, etc. So I left the amount at $0.00 for business value on FAFSA. Was this correct?

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I would agree with your determination.

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Thanks @kelsmom

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Yes, unless you have significant balances in business accounts and/or other significant business assets not otherwise reported

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