IDA WITHDRAWALS SR 01-33 Dated 12/01 (FSM-A)

Funds withdrawn from an Individual Development Account (IDA).

Treatment: Excluded Income, if used for a qualified purchase (see PART 411, LESS COMMON TYPES OF RESOURCES: INDIVIDUAL DEVELOPMENT ACCOUNT (IDA))

Treatment: Countable Lump Sum Income, if used for a nonqualified purchase (see PART 409, COMMON TYPES OF RESOURCES: LUMP SUM PAYMENT: NONRECURRING).