FAA4.D Other Assets (OTAS) : 03 Other Asset Types : K Real Property : .03 Real Property - Jointly Owned
.03 Real Property - Jointly Owned
 
(10/01/11 - 12/31/11)
The equity value (g) of all jointly owned real property is countable when the property meets ALL of the following:
 
Is not a homestead
Is available to the participant
 
NOTE This includes timeshare properties.
 
EXCEPTION
The equity value of all real property is NOT countable when the property is unavailable.
 
Key the equity value of the jointly owned real property in the equity field on OTAS. Key one of the following Other Assets Codes in the TY field:
 
RA when the property is available to the participant
RN when the property is unavailable to the participant