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Is interest received by a dealer/stockbroker counted as earnings?

Excerpted from "Social Security Handbook". See the up-to-date, official Social Security Handbook at ssa.gov.

1209. Is interest received by a dealer/stockbroker counted as earnings?

Frequently, a dealer in securities will also be a stockbroker. If you fit both categories, profits earned as a broker and those earned as a dealer in securities are both included in net earnings. Dividends and interest paid on securities while they are part of your stock in trade are also counted.

Note: You are a stockbroker if you buy and sell stocks and bonds as an agent of the actual owner. As a stockbroker, you do not buy or sell in your own name. Your earnings come from commissions rather than from selling the stock or bond at a profit.

Last Revised: March, 2001

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Not affiliated with the US Social Security Administration