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<br />The amount reported by the family in the certification appears obviously in error. <br /> <br />Example 1: An elderly participant reported a $10,000 certificate of deposit at the last <br />annual reexamination and SAHA verified this amount. Now the person reports that she <br />has given this $10,000 to her son. SAHA has a reasonable estimate of the value of the <br />asset; therefore, re-verification of the value of the asset is not necessary. <br />Example 2: A family member has disposed of its 1/4 share of real property located in a <br />desirable area and has valued her share at approximately 5,000. Based upon market <br />conditions, this declaration does not seem realistic. Therefore, SAHA will verify the <br />value of this asset. <br /> <br />7-III.F. NET INCOME FROM RENTAL PROPERTY <br /> SAHA Policy <br /> <br />The family must provide: <br />A current executed lease for the property that shows the rental amount or <br />certification from the current tenant. <br />A self-certification from the family members engaged in the rental of property <br />providing an estimate of expenses for the coming year and the most recent IRS <br />Form 1040 with Schedule E (Rental Income). If schedule E was not prepared, <br />SAHA will require the family members involved in the rental of property to <br />provide a self-certification of income and expenses for the previous year and may <br />request documentation to support the statement including: tax statements, <br />insurance invoices, bills for reasonable maintenance and utilities, and bank <br />statements or amortization schedules showing monthly interest expense. <br /> <br />7-III.G. RETIREMENT ACCOUNTS <br /> SAHA Policy <br />SAHA will accept written third-party documents supplied by the family as evidence of <br />the status of retirement accounts. <br />retirement status. <br />Before retirement, SAHA will accept an original document from the entity <br />holding the account with a date that shows it is the most recently scheduled <br />statement for the account but in no case earlier than 6 months from the effective <br />date of the examination. <br />04/01/14 <br />Page 7-19 <br /> <br />