Pennsylvania Code
Title 55 - HUMAN SERVICES
Part II - Public Assistance Manual
Subpart C - Eligibility Requirements
Chapter 140 - SPECIAL MA ELIGIBILITY PROVISIONS
Subchapter B - ELIGIBILITY PROVISIONS FOR THE HEALTHY HORIZONS PROGRAM FOR THE ELDERLY/DISABLED
DEDUCTIONS FROM INCOME
Section 140.285 - Deductions from rental income

Universal Citation: 55 PA Code § 140.285

Current through Register Vol. 54, No. 44, November 2, 2024

(a) Expense deductions from rental income include:

(1) Necessary expenses paid for the production or collection of the rental income.

(2) Real estate insurance costs related to the rental property, whether or not the mortgage holder requires the insurance.

(3) The interest portion of a mortgage payment.

(4) A repair which is an incidental correction to an existing structure, or to a piece of equipment.

(b) Items such as depreciation or depletion, personal expenses which are not related to the rental income and capital expenditures are not allowable deduc tions. A capital expenditure represents an expenditure for an addition or increase in the value of fixed assets, and is subject to depreciation for income tax purposes.

(c) Allowable expenses are prorated if only a portion of the total property is designated for rent, regardless of whether it is actually rented.

This section cited in 55 Pa. Code § 140.232 (relating to applicable income); and 55 Pa. Code § 140.265 (relating to profit from rental property income).

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