[‎‎USER]

Why is it that if all your income is from rentals, you are not allowed to pay into social security?

If you hired someone to work as management, they are W-2 employees but if you own it and do the management it is considered “passive” but it is not at all passive.

[Moore]

Nobody wants to pay into social security. It’s the lowest return on your money you could do.

Take the same amount, put in sp500 index fund and you will do probably 10x better on your money

[Megan]

Take the money that you would be paying into social security and invest it every month.

You will have much more in the end than you ever would get from social security.

[Aaron]

Form an LLC that accepts the rental payments. Pay yourself out of the LLC a reasonable salary for being a property manager.

I’m not a lawyer but that is how I’ve been told many people do it.

[Charlie]

You could pay yourself salary and have that pay into it, but you pay more in taxes overall that way.

It’s better to take it as passive income rather than be subject to W2 income tax.

[Rich]

Are you trying to find logic in the tax code?!? Take emotion and expectation (ego) out of this!

The IRC is made up ARBITRARILY by people who have the power / authority to MAKE UP RULES!

That’s it. Powerful and affluent entities (the individual is also an entity) ensure their interests are supported!

Ain’t nothing no one is going to do! Gov’t and central banks! And when they come for any of us…..

[Robert]

I have no idea. I would consult with a tax accountant or a tax attorney.

[Author]

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