Rule 23-103-1.17 - Evaluation of Receipt of Property as IncomeA. When an individual first receives property (as a gift or inheritance, for instance, and not as a purchase or trade of one resource for another), the new property is subject to evaluation under the income rules for the month of receipt and under resource rules thereafter.23 Miss. Code. R. § 103-1.17
Social Security Act §1902 (r)(2); 42 CFR §435.601(b) (Rev 1994).