351—7.2 (68B) Information disclosed on form.
	 7.2(1) Definitions. For the purpose of completing Form PFD, “income sources” includes those sources which are held jointly with one or more persons and which in total generate more than $1000 of income. “Jointly” means that the ownership of the income source is undivided among the owners and that all owners have one and the same interest in an undivided possession, each with full rights of use and enjoyment of the total income. Sources of income that are co-owned but with ownership interests that are legally divisible, without full rights of use of enjoyment of the total income, need not be reported unless the person’s portion of the income from that source exceeds $1000.
	 7.2(2) Spousal income. For purposes of completing Form PFD, income earned solely by the spouse of a person subject to reporting is not income to that person and need not be reported as an income source.
This rule is intended to implement Iowa Code section 68B.35.