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URL:  http://boards.fool.com/have-a-friend-receiving-social-security-10598524.aspx

Subject:  Re: social security loss Date:  2/13/1999  7:01 PM
Author:  TMFTaxes Number:  10154 of 121219

[[Have a friend receiving social security payments. she wants to sell some stock,
but doesn't know how this will effect her benefits.]]


It won't. Not in the least.

Now, part of her social security benefits may become TAXABLE, depending upon her income. But her benefits, per se, will not be reduced or otherwise eliminated.

[[....do capital gains (if over the
limit of earned income allowed) result in the loss of some or all of her
benefits.?....does that also appy to ira dispersments?]]

Capital gains are NOT considered earned income...and therefore will not impact her benefits. But, as noted, the benefits may be taxable. Read more about taxable benefits in the Taxes FAQ area. Check it out.

TMF Taxes
Roy

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