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Experts at Maximize My Social Security have answered more than 10,000 questions about Social Security over many years. Search for your questions and answers here.
Will Selling My Home Affect My SSDI Benefits?
I am selling my home and the buyer want title co to direct deposit money into my checking ,will that affect my SSDI benefits and what will I need to show proof that money came from sale of home?
Hi,
Unless you're a realtor, buying and/or selling a home wouldn't have any effect on your Social Security disability (SSDI) benefits. Only earned income can affect SSDI benefits, and earned income is limited to either wages or self-employment earnings. Income from the sale of a home Isn't classified as either wages or self-employment, except for people who are self-employed in the business of selling real estate.
However, if you receive receive Supplemental Security Income (SSI), then you would need to report income from the sale of a home to Social Security. SSI is a needs based benefit, so both earned and unearned income can potentially affect those benefits.
Best, Jerry
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September 19, 2020