DIVIDENDS AND INTEREST (INCOME) (MAM)

SR 14-04 Dated 01/14

Previous Policy

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Dividends, interest, and royalties paid directly to an individual.

Treatment: Unearned Income*

*

Dividends which are automatically reinvested to purchase additional stock and interest which is automatically added to a cash account are not considered income. Consider them as a part of the resource to which they were added.

Treatment: Resource, see Dividends in PART 411, Common Types of Resources.

References: 42 CFR 435.603