930 Special Income Considerations
(A) Income from Rental Property
(1) The cost of doing business is always allowed, regardless of whether the income is classified as earned or unearned.
(2) Income from rental property is considered earned income and entitles the household to the earned income deduction only if a member of the household is actively engaged in the management of the property at least an average of 20 hours per week.
(B) Capital Gains as Income
The proceeds from the sale of capital goods or equipment related to the business is included when determining self-employment income. Even if only 50% of the proceeds from the sale of capital goods or equipment is taxed for federal income tax purposes, the full amount of the capital gain shall be counted as income for SNAP purposes.
(block-1)#
(A) Income from Rental Property. (1) The cost of doing business is always allowed, regardless of whether the income is classified as earned or unearned. (2) Income from rental property is considered earned income and entitles the household to the earned income deduction only if a member of the household is actively engaged in the management of the property at least an average of 20 hours per week. (B) Capital Gains as Income. The proceeds from the sale of capital goods or equipment related to the business is included when determining self-employment income. Even if only 50% of the proceeds from the sale of capital goods or equipment is taxed for federal income tax purposes, the full amount of the capital gain shall be counted as income for SNAP purposes.