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vaaras37 · 08-06-2008, 05:00 PM

what happens to my ssd if i get an inheritance

ellemae11 · 08-07-2008, 04:43 AM

Nothing happens. It doesn't matter how much money you have. Social security disability does not go on income. That would be SSI.

Executor · 08-09-2008, 07:55 AM

Disability is only concerned on what the IRS calls "earned income", meaning you went out and earned it. Conversely, "unearned income" are such things as investments, stock options, capital gains, & etc. Your question falls into this bucket as well.

What you should be aware of, however, is that any type of income will generate a W2 or 1099. Then, when you file your taxes, your social security # will ultimately be cross checked and you will come up as a red flag. This happened to me recently when I sold some stock options. I just answered SS's inquiry via a letter and explained what happened....I also sent a copy of my taxes and stock option transaction.

Good luck,

Ex

ellemae11 · 08-09-2008, 07:37 PM

Interesting. I have been on SSDI for 2 years. For each of those two years I sold large stock holdings. I did get 1099's both times and did file income tax but I heard nothing from SS about it.
I hope it stays that way.

Executor · 08-09-2008, 08:48 PM

Quote:

Originally Posted by ellemae11

Interesting. I have been on SSDI for 2 years. For each of those two years I sold large stock holdings. I did get 1099's both times and did file income tax but I heard nothing from SS about it.
I hope it stays that way.

It took about 2-3 years for my "audit" (for lack of a better word) to pop up. I think SS does periodic cross checks of one's social to the IRS. They simply send a form letter that says the "system" shows tax income of such and such and for you to reply with an explanation. Not really a big deal, but a hassle nevertheless.

Regards,

Ex

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