Is a business interest a countable asset for VA benefit purposes?
A Veteran is a 40% shareholder in a LLC. The LLC owns a commercial building worth $200K, that is producing $1000 of income per month, the veteran receives net $400 per month.
The 40% of the business is a countable asset and the $400.00 is countable income. Consequently, complete form 21-4185 and file with other claim forms.
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