topic My rental income is not shown in Social Security Statement (Your Earnings Record) thus not getting any social security credits. Why not? in Investors & landlords

My rental income is not shown in Social Security Statement (Your Earnings Record) thus not getting any social security credits. Why not?

bfas — Sat, 01 Jun 2019 04:52:51 GMT

my rental income is the only income I have.

Unfortunately, rental property income is not considered W...

PatriciaV — Sat, 01 Jun 2019 04:52:52 GMT

Unfortunately, rental property income is not considered Wages (unless you qualify as a real estate professional). As a passive activity (not wages), rental income is not subject to self-employment taxes, which includes Social Security. For this reason, rental income is not reported to the SSA as income.

Thank you!

bfas — Sat, 01 Jun 2019 04:52:54 GMT

Thank you!