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• Bonds • CDs • Checking accounts • Money market accounts • Savings accounts • Stocks • Capital gains (see SECTION 33.6.5.1 CAPITAL GAINS) • Trusts (see SECTION 33.6.5.2 TRUSTS) • Annuities • Land contracts (see SECTION 15.4.7 LAND CONTRACT) • Loans (see SECTION 15.4.8 LOANS, PROMISSORY NOTES, AND MORTGAGES) Payments do not need to be directly received. If they are rolled back into the asset, they still must be reported. Irrevocable interest that a SeniorCare applicant receives for an irrevocable burial trust is not budgetable income. Note Unlike Medicaid, income that is received irregularly and infrequently and is under $20 per month must be reported as budgetable income for SeniorCare applicants. 33.6.5.1 Capital Gains Budgetable income consists of all anticipated capital gains that would be reportable as capital gains to the IRS for tax purposes. All anticipated losses must be subtracted from the gross capital gains amount, and the net capital gain amount must be reported if it is greater than zero. Negative amounts should not be reported and will not be used to offset other types of income. The principal or initial investment in the capital asset that the person receives in cash when they sell the asset is not considered income. That portion is considered a conversion of an asset from one form to another. 33.6.5.2 Trusts All anticipated payments (including interest, dividends, and withdrawals from principal) from a trust to the applicant are counted as income. Irrevocable interest that a SeniorCare applicant receives for an irrevocable burial trust is not budgetable income. Note Unlike Medicaid, withdrawals from principal are counted for SeniorCare as income in the month received. 33.6.5.3 Joint Savings Each person who is a holder in a joint savings account is assigned an equal share of the interest earned. The applicant or applicant’s spouse should report only their individual share of the interest. If the applicant and their spouse are not living together and hold a joint savings account, the applicant should only report their own share of the interest