TN 1 (04-94)

SI 00815.200 Conversion or Sale of a Resource

Citations:

Regulation - 20 CFR 416.1103(c)

A. Policy

Receipts from the sale, exchange, or replacement of a resource are not income but are resources that have changed their form. This includes any cash or in-kind item that is provided to replace or repair a resource that has been lost, damaged, or stolen.

B. Reference

See SI 01110.600B.4. for a complete discussion of this policy.

C. Example

Jerry Wallace sells his 1974 Plymouth Satellite for $300. The money he receives is not income but a resource which has been converted from one form (a car) to another form (cash).


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0500815200
SI 00815.200 - Conversion or Sale of a Resource - 11/21/2013
Batch run: 11/21/2013
Rev:11/21/2013