Net worth $642,000; listed items add up to $698,642
Reported net worth: $642,000. Household goods + listed assets − listed liabilities = $698,642. Net worth roughly equals the listed assets before debts — the debts may not have been subtracted.
What to check
- No action needed unless other items look off.
Rule: Net worth vs. listed items
“Simply subtracting your liabilities from your assets will not result in an accurate net worth figure in most cases.”2024 Form 6 instructions, Net Worth ✓ quoted from the saved instructions · how this rule works