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I TANF TANF TANF TANF TANF TANF TANF TANF SNAP SNAP SNAP SNAP SNAP SNAP SNAP SNAP Be sure to include the full amount of any capital gains, which are profits from the sale or transfer of capital assets (e.g., inventory, raw materials, equipment, or business ownership interests). When estimating income, include any capital gains the household expects to receive during the certification period or before the next eligibility review. Use the anticipated amount unless the individual reports an unanticipated gain or a revised amount. 757.2 Determine Net Self-Employment Income (toc) Subtract allowable business expenses from the gross income to calculate net income. Allowable costs may include, but are not limited to: • Labor • Sales tax • Stock/inventory • Raw materials, seed, fertilizer • Advertising • Insurance premiums • Utilities • Repairs to income-producing property • Supplies • Fuel (with proper documentation) • Linen service • Property tax and interest on income-producing property Note: Fuel costs are only allowed if supported by documentation such as a mileage log, showing beginning and ending mileage and destination. Use the current state mileage rate to calculate fuel expenses. (Refer to the State Administrative Manual.) Documentation acceptable to the IRS is also acceptable to the Division. Subtract payments on the principle of the purchase price of income-producing real estate and capital assets, equipment, machinery and other durable goods. Do not deduct • Capital asset improvements; • Net loss which occurred in a previous period; • Work-related expenses, such as federal, state and local income taxes, retirement contributions, and travel to and from the place of business; • Depreciation; A-757.1 INCOME Determine Gross Self-Employment Income Division of Social Services Eligibility and Payments Manual 26 Jun 26 MTL 09/26