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Author Topic: ssi and investment property  (Read 856 times)

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husker71

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ssi and investment property
« on: August 12, 2014, 01:02:16 pm »

I had a friend tell me the other day that money in (rent)  from property is not counted in your ceiling for under 65 social security.   I am not ready for ssi yet but coming up fast.  Does anyone know the answer to this??
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HawgWild

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Re: ssi and investment property
« Reply #1 on: August 12, 2014, 02:36:27 pm »

I think your friend is mistaken --->http://www.socialsecurity.gov/ssi/text-income-ussi.htm
 
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hog.goblin

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Re: ssi and investment property
« Reply #2 on: August 13, 2014, 12:50:11 am »

I had a friend tell me the other day that money in (rent)  from property is not counted in your ceiling for under 65 social security.   I am not ready for ssi yet but coming up fast.  Does anyone know the answer to this??

Do you mean to refer to SSI or soc sec retirement benefits?
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husker71

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Re: ssi and investment property
« Reply #3 on: August 20, 2014, 03:10:29 pm »

I am sorry   I meant my social security retirement benefits.  I am thinking of taking them at 62 instead of 65 or higher
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hog.goblin

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Re: ssi and investment property
« Reply #4 on: August 20, 2014, 04:36:32 pm »

Totally different.

Rent income won't cause your benefits to be repaid (like wages can), but they can cause them to be subject to income tax.  Very complex rules on the calculation.  I can explain if interested.
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