La. Admin. Code tit. 67 § III-1971
Current through Register Vol. 50, No. 11, November 20, 2024
Section III-1971 - Farm Self-Employment IncomeA. Effective March 27, 1986, if the cost of producing self-employment income exceeds the income derived from self-employment as a farmer, such losses will be offset against other countable income in a household. To be considered a self-employed farmer, the farmer must receive or anticipate receiving annual gross proceeds of $1,000 or more from the farming enterprise. The same base that is used to determine income from self-employed farm operations shall be used to determine any net loss. Losses should be prorated over the year in a manner comparable to that used to prorate farm self-employment income.La. Admin. Code tit. 67, § III-1971
Promulgated by the Department of Health and Human Resources, Office of Family Security, LR 12:366 (June 1986).AUTHORITY NOTE: Promulgated in accordance with F.R. 51:6511 et seq., 7 CFR 273.9.