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Annual Salary

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babyray

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:( JamesBreckenridge, carlie and other members who have opinions on this subject: How much annual salary can you make if you are rated TDIU w/ P & T?

:( babyray

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Your rental income isn't investment income. IRS Publication 550 (see link) defines investment income as "This generally includes interest, dividends, capital gains, and other types of distributions."

This would be considered supplemental income, and it should be reported on Schedule D (see second link).

Yes, see a professional in your area about this.<H3 class=reference>Source(s):</H3>http://www.irs.gov/publications/p550/ar0…

http://www.irs.gov/pub/irs-pdf/f1040se.p…

jbasser, if a vet has rental property and collect rent and report it on his irs return, is this considered earned income or investment income? Is this counted toward

your income if your are drawing tdiu disability?

babyray

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Your rental income isn't investment income. IRS Publication 550 (see link) defines investment income as "This generally includes interest, dividends, capital gains, and other types of distributions."

This would be considered supplemental income, and it should be reported on Schedule D (see second link).

Yes, see a professional in your area about this.<H3 class=reference>Source(s):</H3>http://www.irs.gov/publications/p550/ar0…

http://www.irs.gov/pub/irs-pdf/f1040se.p…

would supplement income from your rental property be considered income if you are drawing tdiu?

babyray

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  • HadIt.com Elder

Collecting rent for yourself is not earned income. Property management probably is earned income. I think it can be a fine point. If you are buying, fixing up and selling property that might be considered earned income if you do the work yourself. If you buy a house for investment purpose and then hire others to fix it up and then you sell it I don't know exactly what that is considered. If you have questions ask a CPA, or someone here can probably tell you for free.

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  • HadIt.com Elder

Earned income is based on tax forms that are filed. A W2 or any forms that show wages count. If you sell stuff you own, invest in assets, buy bonds or stocks are given money by relatives or the VA it does not count.

Veterans deserve real choice for their health care.

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I have to agree with you babyray. I didn't see anywhere in your question (even hypothetical) that indicated you were promulgating fraud.

You asked a legitimate question and the VA has regulations of what is considered gainful work. I only say this because the last thing I would think the moderators would want is veterans with legitimate questions having fear and holding back there thoughts.

A question not asked is lost knowledge.

Jerr

pr, all i did was ask a simple question. why is some of u all are jumping the gun? I can not work because of my sc'ed injuries, i do not desire to work that why i put in for tdiu.

:rolleyes: babyray

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