Schedule A/B: Property.

The one-sentence version

Schedule A/B is the inventory of your entire economic life as of the filing date - every dollar, every account, every object of value. If the trustee can sell it, lien it, or value it, it goes here.

What's on the form

Seven numbered parts. The structure walks you category by category so nothing slips through.

Part 1 - Real estate

Every parcel of real property you own or have any interest in: your home, a rental property, vacant land you inherited, a half-interest in your parents' house, a remainder interest, even a leasehold. For each, you list the address, what kind of interest you hold, the current value (your honest fair-market estimate), and what's owed on it.

Part 2 - Vehicles

Cars, trucks, motorcycles, RVs, boats, ATVs, trailers, aircraft. Make, model, year, mileage, current value. KBB or Edmunds private-party value is the standard reference - retail dealer prices are too high.

Part 3 - Personal and household items

Furniture, electronics, appliances, kitchenware, clothing, jewelry, hobby equipment, sports gear, firearms, art, collectibles, pets. You don't itemize the toaster - you group by category and estimate replacement value at thrift-store prices. Most filers' total here lands somewhere between $1,500 and $8,000.

Part 4 - Financial assets

This is the long one:

• Cash on hand
• Every checking, savings, and money-market account (account type and current balance)
• Security deposits held by landlords, utilities, or others
• Bonds, mutual funds, brokerage accounts
• Stocks - including private-company shares and crypto
• Retirement accounts: 401(k), 403(b), IRA, Roth IRA, pensions
• Tuition savings accounts (529 plans, Coverdell)
• HSAs, FSAs
• Annuities, whole-life insurance with cash value, trusts
• Any interest in a partnership, LLC, or corporation
• Government and corporate bonds

Part 5 - Business-related property

If you own a business or a piece of one: equipment, inventory, accounts receivable, customer lists, intellectual property, machinery, tools. Even a side-gig hairdresser's chairs and supplies belong here.

Part 6 - Other property

The catch-all: tax refunds you haven't received yet, unpaid wages, claims against other people (a lawsuit you might win, a personal-injury claim, a lawsuit the trustee could file), patents and copyrights, license rights, judgments in your favor, life insurance proceeds you're entitled to, inheritance you're expecting, season tickets, country-club memberships - anything of value not covered above.

Part 7 - Totals

Subtotal each part, then add them up. This grand total flows to Form 106Sum.

Valuation - how to estimate

The standard is fair market value from a willing buyer - not what you paid, not what you owe on it, and not retail replacement. Practical references:

• Vehicles: Kelley Blue Book or NADA private-party value
• Real estate: Zillow or Redfin estimate, or a recent appraisal
• Household goods: garage-sale or thrift-store pricing (low!)
• Electronics and jewelry: pawn-shop / eBay-sold-listings comp
• Stock/crypto: closing price on the filing date

Round to the nearest dollar. If you genuinely don't know, give an honest estimate with a brief explanation rather than leaving it blank.

Common mistakes

• Forgetting expected tax refunds. If you'd be entitled to a refund for the current tax year, the prorated portion through the filing date is an asset.
• Leaving out crypto. Bitcoin, Ethereum, NFTs - all assets.
• Underreporting household goods at $500 when the honest estimate is $4,000. Trustees know what a furnished apartment costs.
• Forgetting a pending lawsuit where you're the plaintiff. That cause of action is an asset of the estate.
• Listing a vehicle's loan balance as the "value." Value is what it's worth, not what you owe.

Related forms

Schedule A/B feeds Schedule C (exemptions) for everything you want to keep, Schedule D for everything with a lien on it, and Form 106Sum for the totals. See the complete forms index.