2140. In-Kind Income

2140.1 What is "in-kind income"?

"In-kind income" is income that is not in the form of cash or negotiable instruments. Examples of in-kind income include real property, food, and occasionally, wages (e.g., room and board as compensation for employment).

2140.2 How is in-kind income valued?

In-kind income that is unearned and directly satisfies the need for food or shelter is called "in-kind support and maintenance." It has special rules for valuation. Any other in-kind income is valued at its current market value.

Last Revised: Aug. 4, 2006