New Jersey Administrative Code
Title 10 - HUMAN SERVICES
Chapter 87 - NEW JERSEY SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM (NJ SNAP) MANUAL
Subchapter 7 - SPECIAL INCOME CIRCUMSTANCES
Section 10:87-7.4 - Capital gains
Universal Citation: NJ Admin Code 10:87-7.4
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The proceeds from the sale of capital goods or equipment shall be calculated in the same manner as a capital gain for Federal income tax purposes. (Even if only 50 percent of the proceeds from the sale of capital goods or equipment is taxed for Federal income tax purposes, the CWA shall count the full amount of the capital gain as income for NJ SNAP purposes.)
(b) For households whose self-employment income is calculated on an anticipated (rather than averaged) basis, the agency shall count the amount of capital gains the household anticipates receiving during the months over which the income is being averaged.
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