Early Retirement income question

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Early Retirement income question

My wife and I are looking at claiming social security early due to job market issues. We are both working as School Bus Drivers mostly for the Insurance benefits. We both make under the $18,960 income limit through the schools. We have a rent house. Would the income from the rent house/investment property count toward the $18,960? If so, how does that work?

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Here is your answer from AARP

AARP 12/28/2020 - Can rental income reduce Social Security benefits?

Just make sure you are claiming the rental income on Schedule E which then flows to Form 1040 - Schedule 1 under Additional Income.

(see line 5 on Schedule 1 https://www.irs.gov/pub/irs-pdf/f1040s1.pdf

It's Always Something . . . . Roseanna Roseannadanna

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