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Property and Resource Determination
Real Property
Equity interest in real property is determined by subtracting any allowable encumbrance against its MARKET VALUE.
Real property used as a home is exempt.
Other real property must meet the criteria to be excluded.
Refer to Property for a complete discussion of excluded real property and excess real property.
Personal Property
Items that are necessary to implement and continue an approved plan of employment are exempt. This includes, but is not limited to:
- Tools
- Equipment
- Materials
- Stocks and inventories.
Related Topics
Nonallowable Business Expenses