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 the 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 which 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

Self-Employment

Determination of Self-Employment

Examples of Self-Employment Determinations

Income Determination

Business Expenses

Nonallowable Business Expenses

Calculating Net Self-Employment Income