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social security tax and medicare on income from my condo rent

 
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4 Replies

social security tax and medicare on income from my condo rent

This is not live chat.  You have not really asked a question, so it is difficult to figure out what you need help with.   Please ask a clear and complete question.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

social security tax and medicare on income from my condo rent

You do not pay FICA or SE taxes on passive income from rent reported on a Sch E. 

social security tax and medicare on income from my condo rent

thank you! I didn't understand the difference between passive income and other income. when you get paid directly, what is it called?

social security tax and medicare on income from my condo rent

When you get paid for working, it is called earned income.   Only income you earn from working counts toward Social Security and Medicare.   Passive income from rental property, investments, etc. is not counted for withholding for Social Security or Medicare, and does not count toward the work credits you will need to receive Social Security and Medicare someday.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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