RENTAL INCOME (AAM)

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Payments received from the renting of apartments, land, or other property.

Rental income that is the result of services performed by the individual is considered self-employment income. Manually reduce renter income by the greater of:

• a flat rate of $50 per month, or

• actual expenses if claimed and verified.

Treatment: Earned Income

Rental income that is managed by a rental agency or by someone other than the individual who receives the income is considered unearned income. Manually reduce rental income by the greater of:

• a flat rate of $50 per month, or

• actual expenses if claimed and verified.

Treatment: Unearned Income