topic Does social security count K1 LLC income toward the income limit for receiving social security benefits? This relates to a 2014 return. in Retirement tax questions

Does social security count K1 LLC income toward the income limit for receiving social security benefits? This relates to a 2014 return.

ralph — Wed, 05 Jun 2019 23:43:39 GMT

In most cases, yes. Unless you were a Limited Partner and...

TaxGuyBill — Wed, 05 Jun 2019 23:43:40 GMT

In most cases, yes.

Unless you were a Limited Partner and did not work for the LLC, the income on your Partnership K-1 would be 'earned' income. If that is the case, there would usually be a number in box 14 of your K-1, and that counts towards the Social Security earnings limit if you were under full retirement age.

Re: Does social security count K1 LLC income toward the income limit for receiving social security benefits? This relates to a 2014 return.

Hedgespethsmith — Tue, 16 Jul 2019 16:04:29 GMT

Need further answer. If I am a limited partner in a Llc - I only gave initial money- is any profit unearned or earned income - worried about my social security widows benefit.