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MS 5350

[1] Volume 2 - Supplemental Nutrition Assistance Program (SNAP) MS 5350 - R. 10/1/15 – OMTL – 491 Farm Income Net Loss

Use farm self-employment net loss to reduce other countable income in the household only when the household receives or anticipates receiving annual gross farm income of $1,000 or more. Use the same verification used to calculate the gross income from the farm enterprise to determine the net loss, e.g., Schedule F from the most recent income tax return. Prorate the loss over the year in the same manner as net farm income.

Determine the household's countable self-employment income as follows:

A. If there is other non-farm self-employment income:

1. Compute countable non-farm self-employment income; 2. Subtract the prorated farm loss from the remainder; 3. Allow the 20 percent work expense. B. If there is a farm loss remaining after this offsetting:

1. Total any other earned income (not self-employment); 2. Allow the 20 percent work expense. 3. Subtract the remaining farm loss from this figure; and C. If there is still a farm loss remaining after this offsetting:

1. Total any unearned income; and 2. Subtract the remaining farm loss from this figure.