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If I Get My Real Estate License In Florida Would The Commission From Selling My Condo Affect My SSDI Benefits?

I collect SSDI. IF I GET MY REAL ESTATE LIC IN FLORIDA, and list my condo for sale. Will my commission from the sale effect my SSDI benefits ?

Hi. I'm not an expert on income tax regulations, but if the fact that you have a real estate license requires your to report your income from the sale of your condo as self-employment earnings, then yes it could affect your Social Security disability (SSDI) benefits. The specific effect that it may have would depend on a) the net profit from the sale of your condo and from any other real estate related sales that you make, b) whether or not you've already completed your 9 month trial work period, and c) the number of hours devoted to your real estate business.

I would suggest that you read the following Social Security publication: https://www.ssa.gov/pubs/EN-05-10095.pdf, and the following section of Social Security's operations manual: https://secure.ssa.gov/apps10/poms.nsf/lnx/0410510010.

Best, Jerry

Posted: 
May 13 2023 - 1:23pm
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