He Sold $80,000 of Timber Off His Land. Social Security Wanted to Know: Investor, or Still a Logger?
· finance.yahoo.com
One large timber check can look like a capital asset sale to Social Security and like taxable income to Medicare at the exact same time, and the difference hinges on a question most woodlot owners never think to ask before the first tree falls.
Quick Read
Selling standing timber to a buyer who handles the cutting typically produces capital gains, which Social Security's earnings test does not count ag...