How to Track Assets Disposed of for Less than Fair Market Value

How to Track Assets Disposed of for Less than Fair Market Value



HUD-assisted households are required to report all income from all sources to the owner or manager during certification or recertification. 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. As an owner or manager, you must get correct information from residents about assets disposed of for less than FMV.

Full Article Access:

Full access to complete articles from Assisted Housing Management Insider is for subscribers only.

Not yet ready to subscribe?