Rental Income From Real Property

If a household member is managing the property twenty (20) hours or more per week, the rental income minus rental costs is earned income. If a household member is managing the property less than twenty (20) hours per week, th e rental income minus rental costs is unearned income. Rental costs do not include the principal portion of th e mortgage payment, depreciation or depletion, capital payments, and personal expenses not related to the renta l income. (3-17-22) 233. -- 239. (RESERVED)