This is a subtlety but does anyone have any tricks to know when you are or are not supposed to include certain assets into the return calculation? For example, there have been prior questions which state that the individuals don’t include their home as an investment, therefore you wouldn’t include in the return calculation as an asset. On question 6 (2017) however, they state that she isn’t going to include the sports training facility as part of her “advisor-managed investment portfolio” but you still include the assets in the return calculation.
I can see both sides, but just wanted to see if anyone had any suggestions so I don’t fall into any traps on exam day.