We consider any increase in the value of an individual's resources in the resources determination as of the first moment of the month following the month in which:

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  the value of an existing resource increases (e.g., the value of a share of stock goes up or installment payments increase a property's equity value);

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  an individual acquires an additional resource (e.g., inherits property); or

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  an individual replaces an excluded resource with one that is not excluded (e.g., sells an excluded automobile for nonexcluded cash).

We consider any decrease in the value of an individual's resources in the resources determination as of the first moment of the month following the month in which:

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  the value of an existing resource decreases (e.g., the value of a share of stock goes down);

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  an individual spends a resource (e.g., withdraws $150 from a savings account to pay bills); or

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  an individual replaces a countable resource with one that is not countable (e.g., trades a countable piece of real property for an excluded automobile).

When an individual receives something in cash or in kind during a month, we evaluate it under the appropriate income- counting rules in that month. If the individual retains the item into the month following that of receipt, we evaluate it under the resource-counting rules. Thus, we do not evaluate the same asset under two sets of counting rules for the same month.

If an individual sells, exchanges, or replaces a resource, what is received in return is not income. It is a different form of resource. This includes assets which have never been subject to resources counting because the owner sold, exchanged, or replaced them in the same month in which received them.

SI 00830.510 contains instructions on the income/resources treatment of proceeds received for timber, gravel, and other natural resources.