POMS Reference

Table of contents Recent changes
Contact
Back

SI 00815: What Is Not Income

Effective Dates: 11/21/2013 - Present

TN 1 (04-94)

Citations:

Regulation - 20 CFR 416.1103(c)

A. Policy

Receipts from the sale, exchange, or replacement of a resource are not income but are resources that have changed their form. This includes any cash or in-kind item that is provided to replace or repair a resource that has been lost, damaged, or stolen.

B. Reference

See SI 01110.600B.4. for a complete discussion of this policy.

C. Example

Jerry Wallace sells his 1974 Plymouth Satellite for $300. The money he receives is not income but a resource which has been converted from one form (a car) to another form (cash).

Previous:
SI 00810: General - Income Rules for the Supplemental Security Income Program
Up:
SI 008: Income
Next:
SI 00820: Earned Income
The materials available at this web site are provided free of charge, for informational purposes only, and without warrant by True Link Financial, Inc., and are not legal advice or Social Security benefits advice. You should contact your attorney to obtain advice with respect to any particular issue or problem, or the Social Security Administration with any general inquiries. Click here to view this section of the POMS on the Social Security Administration website.