Renting out a house when on disability - in Texas???

[ezbtr]

Would this affect disability payments?? Taxes? Worth it???
Thanks!! Ya'll are a wealth of info!!!

 

[aspeck]

That is a question for a Texas CPA.

 

[dingbat]

Would this affect disability payments?? Taxes? Worth it???
Thanks!! Ya'll are a wealth of info!!!

Unsure of your question.
Are you renting a house or renting out your house?
Renting your house out would require you to claim rent as income. Would be taxable and reduce your disability payments if you exceed the maximum allow income.

 

[ezbtr]

Unsure of your question.
Are you renting a house or renting out your house?
Renting your house out would require you to claim rent as income. Would be taxable and reduce your disability payments if you exceed the maximum allow income.

I would be renting out another house I bought while living in my current one

 

[ezbtr]

Unsure of your question.
Are you renting a house or renting out your house?
Renting your house out would require you to claim rent as income. Would be taxable and reduce your disability payments if you exceed the maximum allow income.

Geez I dont even know what the maximum allow income is!!!???

 

[redneck joe]

talk to a cpa and do an llc however I am not a fan of taking govt money if you can make your own.

 

[dingbat]

Geez I dont even know what the maximum allow income is!!!???

It’s called Substantial Gains Activity
Looks like $1,470 a month this year

Substantial Gainful Activity

Cost of Living Adjustment

www.ssa.gov