Rental income you receive from real estate does not count for Social Security purposes unless:
You receive rental income in the course of your trade or business as a real estate dealer (see §§1214-1215);
Services are rendered primarily for the convenience of the occupant of the premises (see §1218); or
In the case of farm rental income, you materially participate in the production or in the management of the production of farm commodities on land rented to someone else. (See §§1221-1232.)
Author: Nathanial Hackett
Last Updated:
Views: 5767
Rating: 4.1 / 5 (72 voted)
Reviews: 95% of readers found this page helpful
Name: Nathanial Hackett
Birthday: 1997-10-09
Address: Apt. 935 264 Abshire Canyon, South Nerissachester, NM 01800
Phone: +9752624861224
Job: Forward Technology Assistant
Hobby: Listening to music, Shopping, Vacation, Baton twirling, Flower arranging, Blacksmithing, Do it yourself
Introduction: My name is Nathanial Hackett, I am a lovely, curious, smiling, lively, thoughtful, courageous, lively person who loves writing and wants to share my knowledge and understanding with you.