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Notes -
Is that (mutual funds, ETFs, or individual stocks) under $10,000; or mutual funds, ETFs, or (individual stocks under $10,000)?
https://cfb.mn.gov/pdf/forms/public_officials/eis_annual.pdf
So the second. If he didn't own more than $10,000 of any individual business, he wouldn't have to disclose it. ETFs and mutual funds are excluded entirely.
The form also says for real property not to report your homestead.
My net worth is multi-million but on this form I think I'd only have about $500k of assets to report, most of that in the house I helped my mother to buy, and so which my name is on. I'm not landlording and haven't made any individual stock or option bets in awhile.
The form doesn't even require you to disclose cash or cash-like assets.
He doesn't own a home, though.
@ToaKraka says he didn't report dividends or capital gains, but if it's in ETFs he may just have some which managed to avoid capital gain distributions.
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The article also states that he didn't report any dividend or capital-gains income on his 2022 tax return. But maybe the mutual funds are in an IRA or something.
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