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ESA SNAP Policy Manual 277 Asset Type TANF, GC, RCA SNAP ABD Medicaid and IDA Home sales Exclude income generated from the sale of a home as an asset if the household purchases or intends to purchase a new home within the next 12 months. If the person buys another home within the 12-month period, count any remaining cash from the earlier sale as an asset. If the household does not intend to purchase a new home within 12 months or fails to purchase a new home within 12 months, count the remaining cash from the sale as an asset. Nonrecurring lump sum; count as an asset in the month the household receives the funds. See TANF Household and personal goods Excluded. Examples of household and personal goods include the following:  Appliances  Carpets  Clothing  Dishes and utensils  Exercise equipment  Furniture and furnishings  Household tools and equipment  Musical Instruments  Televisions and audio equipment  Watches and jewelry Inaccessible and unavailable assets Exclude inaccessible assets. Inaccessible assets are assets the household cannot use for ongoing support and cannot sell. Examples of inaccessible assets include the following:  Irrevocable trust funds  Security deposits on rental property or utilities  Property in probate  Real property that the household is making a good faith effort to sell at a reasonable price and that has not been sold  Real property that, if sold, would be unlikely to produce a return of one-half or more of the asset limit ($1,500.00 for SNAP) for the household Income-producing assets Exclude the portion of a noncash asset (such as a separate parcel of land or a vehicle) needed for producing income for a household member, as long as the asset produces a return consistent with its value. This exclusion applies even if the household can convert the asset to cash or a parcel of property is, in effect, subdivided contrary to an ordinance or law. Exclude assets of self-employed farmers, including land, equipment and supplies, essential to self-employment of a household member engaged in farming for the period they are farming and for one year after terminating farming as self- employment. Income-producing real property Property that annually produces income consistent with its fair market value, even if it only produces income on a seasonal basis, is not counted as an asset (though the income produced from the asset would be treated as income). The minimum annual rate of return is six percent of either assessed or fair market value, whichever is less. Return