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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. |
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