Recently bought house not reported - strange situation

Paying for College
1

<p>Basically - </p>

<p>I did my CSS profile early and submitted before November 1st of 2012. (as an early applicant)</p>

<p>We had around 60k in our checking accounts back then, and I put down how much we had “on the day of the submission.”</p>

<p>Mid-November, we bought a house and made a down payment of about 50k and bought the house, having about 170k in mortgage.</p>

<p>Now, I have to submit 1040 and W2 for IDOC packet soon, and the problem is that we have to put down the house information (mortgage and such) on the 1040.</p>

<p>I know assets information should not change and be remained as the day of submission, but I am afraid that when they compare my Profile and 1040, they will find the above information contradictory.</p>

<p>I am sorry if this post has been discussed before, Please help!</p>

2

<p>Contact the financial aid offices of the schools who need the IDOC packet, and ask them how they want your to proceed. They know that assets don’t stay the same - if you had to submit the CSS by their deadline, you had no option of waiting until the purchase was completed. Plenty of people buy homes in November and December.</p>

<p>If they look at your tax return and notice you’re claiming deductions for a house that wasn’t listed on your CSS profile, they’re also likely to notice the very things that will tell them it is a new home purchase. But if you contact them, they can tell you what additional information they might need.</p>