Mississippi Administrative Code
Title 23 - Division of Medicaid
Part 104 - Income
Chapter 9 - Sources and Treatment of Earned Income
Rule 23-104-9.5 - Net Earnings from Self Employment (NESE)
Universal Citation: MS Code of Rules 23-104-9.5
Current through September 24, 2024
A. NESE is defined as follows:
1. NESE is the gross income from
any trade or business, less allowable deductions for that trade or business.
a) Any distributive share (whether
distributed or not) of income or loss from a trade or business carried on by a
partnership is included in NESE.
b)
NESE also includes any profit or loss in a partnership.
c) NESE is determined on an annual
basis.
B. NESE is treated as follows:
1. NESE is
verified whenever an individual is self-employed or has been self-employed
during the current taxable year based on the most recent federal income tax
return filed with IRS, or if the business is new, based on the individual's
business records or the best estimate available.
2. NESE, after any appropriate offsets and
deductions, is counted as earned income.
Social Security Act §1902 (r)(2); 42 CFR §435.601(b) (Rev 1994).
Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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