QUESTION
Im collecting social security disablity benefit,..I have the opprotunity to lease land and housing out. 1099 misc will be reported.
Asked on Apr 30th, 2013 on Social Security Disability - Michigan
More details to this question:
Will this aeffect my disabilty benfits..with this income..This is not self emlpoyment...
2 ANSWERS
having money, even income, does not affect your SSDI payments unless it is income earned by you from your work efforts. so if you have income from land you own, stocks, investments, etc, you do not lose your SSDI.
if you are on SSI, which is a welfare program, then the income will affect the SSI.
Answered on May 17th, 2013 at 12:39 PM
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You need to talk to a tax advisor about the 1099. Income from an investment would not affect your SSD but income from working would.
Answered on May 01st, 2013 at 11:06 PM