Aug
06
2011
By Guest (not verified)
Does rental income count as wages?
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Not affiliated with the US Social Security Administration
Does rental income count as wages?
Not affiliated with the US Social Security Administration
Is rental income wages?
In what context are you asking the question?
For tax purposes, rental income is not wages. It is "passive income" and generally reported on Schedule E or Schedule K-1 for real estate partnerships or LLCs.
For SSI purposes, I have not seen rental income listed as wages. It is listed as unearned income. If you're receiving SSI, you must report rental income, and it likely will reduce your SSI benefit.
http://www.ssa.gov/pubs/11011.html#part3
http://ssa-custhelp.ssa.gov/app/answers/detail/a_id/408