<p>Are 1. capital gains taxes and 2. closing costs taken into account in connection with determining the net value of investment property in determining value of assets for financial aid purposes? I have an interest in two investment properties which if sold to pay college expenses would generate huge cap gains taxes and closing costs. Naturally, this would reduce the amount available to pay college expenses.</p>
<p>anyone with any info?</p>
<p>I think you only report net gain.</p>