Results 1 to 2 of 2
  1. #1

    Default Supplemental Security Income and 1099-C

    How does Social Security treat a 1099-C (forgiven Credit Card debt) for a recipient of a Supplemental Security Income benefit? The same as a 1099 for interest?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    73,775

    Default Re: Supplemental Security Income and 1099-C

    The income report you describe would be treated as taxable by the IRS - I can't comment on that without knowing the amount - but it should not be treated as income by the SSA. It's obviously different from earned income, but it's also different from the type of income you earn off of investments as you're not actually getting money in your pocket. Make sure you keep documentation in case of confusion.

    1. Sponsored Links
       

Similar Threads

  1. Social Security Issues: Review of the Eligibility of Supplemental Security Income by the Social Security Admi
    By ramjays2000 in forum Social Security Law
    Replies: 2
    Last Post: 07-25-2012, 06:53 PM
  2. Denial & Appeals: Can 1099 Income Be Used in Appeal
    By jhuffmanpro in forum Unemployment Insurance
    Replies: 2
    Last Post: 06-09-2011, 08:54 PM
  3. Disability Benefits: Supplemental Security Income of Roommate
    By Tallfile in forum Social Security Law
    Replies: 1
    Last Post: 09-16-2010, 08:40 PM
  4. Unemployment Benefits: W2 and 1099 Income
    By Igloomason in forum Unemployment Insurance
    Replies: 3
    Last Post: 08-11-2010, 06:58 AM
  5. 1099 Received for W2 Income
    By dublin in forum Tax Law
    Replies: 3
    Last Post: 03-12-2009, 07:41 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
 
Forum Sponsor
Find A Lawyer - Free, confidential referrals.
Legal Forms - Buy easy-to-use legal forms.




Untitled Document