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If You Own And Rent Shop Premises, Would Your Social Security Benefits Be Affected By Your Income?

Hello. If you own and rent shop premises, would your benefits be affected by
the income you receive in rent?
Many thanks in advance



Hi,

Your income would only count for Social Security earnings test purposes if you are active in the business operating on your property and are thus required to report your income as self-employment earnings or wages. If you simply rent the property to someone else and report your income as rental income, that income wouldn't count for purposes of Social Security's earnings test (https://www.ssa.gov/planners/retire/whileworking.html).

Best, Jerry

Category:
Posted:
April 3, 2019