own a 2 family house, FinAid consequences living there or not? Advice please.

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No, that’s not what I was referring to. We separate our depreciations all the time, and the IRS is very specific on how to separate them. You stated above that if I bought a fridge for $500 then it would show up as reduced asset of $500. I asked how having a fridge asset was different from having a cash asset, to which you replied that the fridge was “personal property” not counted as an asset. However, the value of the rental in the Assets section of the profile would include the appliances.</p>