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West Virginia Income Maintenance Manual Chapter 5

West Virginia Income Maintenance Manual Page 48 Chapter 5 Assets

Income-Producing Non-Homestead Property SSI Medicaid Groups: ➢ Real Property Used in a Business or Trade All real property currently used in a trade or business is excluded, regardless of value or rate of return. The property must be in current use or been in use, with a reasonable expectation that the use will resume within 12 months of last use. The 12-month period can be extended for an additional 12 months if nonuse is due to a disabling condition. Verification of the condition is not required. The exclusion ends as of the date the person changes his intent to resume the self-support enterprise or employment for which he uses the property. ➢ Real Property Not Used in a Business or Trade See Section 5.5.7.B Non-Business Personal Property above. ➢ Necessary for Self-Support See Section 5.5.7.B Non-Business Personal Property above.

Other Non-Homestead Property The equity in property, not otherwise excluded, is an asset. WV WORKS: Any non-excluded real property that the AG is making a good faith effort to sell is excluded for six months. A good faith effort means that the property is currently available for sale through a real estate agent or through publication. The only time this exclusion applies is when the client has agreed in writing, using a DFA-22, to dispose of the property within the six-month exclusion period. Any TANF payments made to the No Yes No* SNAP WVW, AFDC-Related SSI Groups No Yes* Yes*