24/7 Wall St. on MSN
He cut timber for 40 years and the pay built Social Security. The $180,000 from his own woodlot added $0 to his record.
Quick ReadCapital gains from selling timber count as asset income, not covered earnings, so a $180,000 sale adds nothing to a ...
24/7 Wall St. on MSN
He sold $250,000 of East Texas pine. Social Security cared more about how he sold it than the price.
Quick ReadSelling standing timber as an investment produces capital gains exempt from Social Security's earnings test, but ...
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