If I buy real estate while on ss disability then turn around and sell it 10years later do I need to notify ss? Does ss look for money to be returned? I have a payee. Will she need to be on deed? I'm not ss I. I'm ss d. Ty God bless for helping us. Jan
Hi Jan,
Profit from the sale of real estate wouldn't affect Social Security disability (SSDI) benefits unless you're a self-employed realtor, so assuming that you aren't a realtor and what you receive is SSDI then you wouldn't need to notify Social Security if you sell your property. However, if you receive SSI (Supplemental Security Income) then you would need to notify Social Security. SSI is a needs based program, so any change in income or assets can affect SSI payments.
Best, Jerry