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When interviewing households at certifications or recertifications, residents are required to report all income from all sources to the owner or manager. One component of annual income is any income the household’s assets generate. And sometimes, households may dispose of assets for less than fair market value (FMV). These can include cash gifts or property. You must find out whether they have disposed of or sold, given away, or put in trust assets for less than fair market value within the past two years.
