STR loophole + FAFSA

[Craig Jones]

We had STR depreciation losses that wiped out most of our W-2 income in 2023 and 2024.

And also a kid applying to college this fall.

Anyone else been in that situation?  I am very curious to see what the FAFSA formulas will make of it.  Would love to hear others' experience.

[Collin Hays]

With FAFSA, who knows. Your accountant will probably have a good idea. I am not aware of any loopholes for you.