Department of Human Services

Families First Online Policy Manual

Treatment of Income

Revised:

21.25

CAPITAL GAINS ARE INCOME

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The proceeds from the sale of capital goods or equipment are calculated in the same manner as a capital gain for federal income tax purposes.   Even if only 50% of the proceeds from the sale of capital goods or equipment is taxed for federal income tax purposes, the caseworker will count the full amount of the capital gain as income.

 

Glossary

 

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