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Expenses may not exceed the payment received by the household from the boarder. Boarder income is always earned self-employment income. Boarders may not claim separate household status to receive SNAP benefits on their own case. INCOME/LOSSES: Losses from corporations are not used to offset any other income. Farm losses are allowed only if the farm grossed or anticipated grossing at least $1,000 during the year. Farm losses may offset any other household income in the following order: 1. Other self-employment gains; and, 2. Any remainder from any other household income. If there are other wages, the 20% deduction is calculated on the gross wage prior to the farm loss being deducted. BANKRUPTCY: If bankruptcy is filed, the projected monthly self-employment income continues to be used unless the household states the business will have substantial change in income and expenses. The bankruptcy could verify this statement. If the household reports the self-employment enterprise has ended, the monthly self-employment income is no longer prospectively budgeted. The self-employment income continues to count even if diverted to a bank or other source. If the self-employment income goes to a trustee and the household receives a living allowance, the entire self-employment income continues to be budgeted and no deduction is allowed for the trustee or conservator's fees. NOTE: The living allowance is not counted as income because the self-employment income is already being counted. If the equipment/land is repossessed or the title is given to the lender, the property is the legal property of the lender and sale of the property is not considered income. However, if the title remains in the household’s name and the lender arranges the sale, the property belongs to the household and the amount is counted as income if received as periodic payments or as a resource if received in a lump sum. If the lender forgives or writes off a loan, the amount forgiven or written off is not considered income. Effective Date: October 3, 2024