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Hi AJ. Thanks. You are always so knowledgeable. Uh, 2020 was a little odd for us. We sold 2 rent houses, so we have those capital gains, but only have about 2 months rental income from a couple of tenants before they moved and we then fixed up and sold the house. So, that rent income is maybe only $3000-$4000 income to us. (of course not counting the write offs... so our actual income on those rents collected is less...)

We sold one stock at a LOSS, so that wouldn't effect us.

Our SS checks are only about $30,000 for the year. For us to have the "senior exemption" for our Homestead exemption, our adjusted gross income for 2020 has to be under $31,100.

So, how do I tell what amount of our SS is taxable? I hope expanding a little more on my situation might help you explain to me a little more. Thanks!

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