Ask Larry

Do I Need To Notify SS If I Sell Land That I Own?

If I buy real estate while on ss disability then turn around and sell it 10years later do I need to notify ss? Does ss look for money to be returned? I have a payee. Will she need to be on deed? I'm not ss I. I'm ss d. Ty God bless for helping us. Jan

Hi Jan,

Profit from the sale of real estate wouldn't affect Social Security disability (SSDI) benefits unless you're a self-employed realtor, so assuming that you aren't a realtor and what you receive is SSDI then you wouldn't need to notify Social Security if you sell your property. However, if you receive SSI (Supplemental Security Income) then you would need to notify Social Security. SSI is a needs based program, so any change in income or assets can affect SSI payments.

Best, Jerry

Posted: 
Jun 17 2020 - 8:17am
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.