Ohio Administrative Code
Title 5160:1 - Eligibility
Chapter 5160:1-3 - Medicaid for the Aged, Blind, or Disabled (ABD)
Section 5160:1-3-03.6 - Medicaid: treatment of rental income
Universal Citation: OH Admin Code 5160:1-3-03.6
Current through all regulations passed and filed through September 16, 2024
(A) The purpose of this rule is to describe the calculation and treatment of rental income and expenses for medical assistance eligibility determinations.
(B) Definitions.
(1) "Net rental income" means
gross rent less the ordinary and necessary expenses paid in the same taxable
year. Net rental
income is treated as unearned income unless the individual is in the
business of renting properties, in which case the income is
treated as earned income from self-employment.
(2) "Ordinary and necessary expenses" are
those expenses necessary for the production or
collection of rental income. In general, these
expenses include interest on debts, state and local taxes on real and personal
property, state and local taxes on motor fuel,
general sales taxes, and expenses for managing or
maintaining property.
(3) "Rent"
means a payment which an individual receives for the use of real or personal
property, such as land, housing, or
machinery.
(C) To determine net rental income:
(1) Identify
countable rental income.
(a) Rental deposits.
(i) Rental deposits are not income to the
landlord while subject to return to the tenant.
(ii) Rental deposits used to pay rental
expenses become income to the landlord at the point of use.
(b) Do not consider rents received
in months prior to the individual's eligibility
for medical assistance.
(2) Calculate allowable expenses.
(a) Deductible expenses include:
(i) Interest and escrow portions of a
mortgage payment (at the point the payment is made to the mortgage
holder).
(ii) Real estate
insurance.
(iii) Repairs (i.e.,
minor correction to an existing structure).
(iv) Property taxes.
(v) Lawn care.
(vi) Snow removal.
(vii) Advertising for tenants.
(viii) Utilities.
(b) Nondeductible expenses include:
(i) Depreciation or depletion of
property.
(ii) Principal portion of
a mortgage payment.
(iii) Capital
expenditures (i.e., an expense for an addition or increase in the value of
property which is subject to depreciation for income tax purposes).
(c) Proration to determine
allowable amount of expenses.
(i) In multiple
family residences, if the units in the building are of approximately equal
size, prorate allowable expenses based on the number of units designated for
rent compared to the total number of units. If the units are not of
approximately equal size, prorate allowable expenses based on the number of
rooms in the rental units compared to the total number of rooms in the
building. The rooms do not have to be occupied.
(ii) For rooms in a single residence, prorate allowable expenses based on the number of
rooms designated for rent compared to the number of rooms in the house. Do not
count bathrooms as rooms in the house. Basements and attics are counted only if
they have been converted to living spaces (e.g., recreation rooms).
(iii) For rented land, prorate expenses based
on the percentage of total acres that are for rent.
(d) Do not consider expenses paid in months
prior to the individual's eligibility for medical
assistance.
(e) Expenses are
deducted when paid, not when incurred.
(3) Subtract the deductible expenses paid in
a month from gross rent received in the same month.
(a) If deductible expenses exceed gross rent
in a month, subtract the excess expenses from the next month's gross rent and
continue doing this as necessary until the end of the tax year in which the
expenses
are paid.
(b) If there are
still excess expenses, subtract them from the gross rent received in the month
prior to the month the expenses were paid and continue doing this as necessary
to the beginning of the tax year involved.
(c) Do not carry excess expenses over to
other tax years or use them to offset other income.
(4) Use evidence from the previous months to
estimate net rental income for the next twelve months; however, deduct only
predictable expenses (e.g., utilities, interest payments, taxes,
etc.).
(5) If an unpredictable
expense is reported at a later date (e.g., a repair), deduct the expense in the month paid. If the expense exceeds
the rent for that month, recalculate the rest of the estimated period in
accordance with paragraph (C) (3) of this rule.
(6) Absent evidence to the contrary,
apportion net rental income in proportion to the percentage of ownership. If
the gross rent is split between the individual and another joint owner before
expenses are paid, deduct expenses paid by the individual from the individual's
portion of the gross rent.
(D) Verification of income and expenses. Use documents in the individual's possession (e.g., bills, receipts, etc.) to verify the gross rent and the dates received, and expenses and the dates paid. The individual's most recent federal income tax return including "Schedule E" may assist with identifying past expenses and estimating future rental income.
(1)
The administrative agency will contact the individual
to collect the information needed. If the individual declares the verifications
cannot be accessed or submitted, the individual's statement is to be
accepted.
(2)
If the administrative agency is unable to make contact
with the individual, a written (electronic or paper) request for the necessary
information or verification documents is to be sent as set forth in rule
5160:1-2-01
of the Administrative Code.
(3)
If
a determination cannot be made regarding whether an expense is allowable (e.g.,
whether the expense is an incidental repair or a capital expenditure), the
administrative agency may contact the internal revenue service (IRS) for
assistance.
Disclaimer: These regulations may not be the most recent version. Ohio 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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