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QUESTION DETAIL
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Are short term capital gains (stocks sold for a profit prior to the one-year holding period) considered income in regards to the social security cap on income for those who claim benefits prior to full retirement age?
ANSWER
The BIDaWIZ Team's Answer:
Are you referring to the amount of social security benefits that may be taxable? If so, the answer is that capital gains and other sources of unearned income are included in the tax calculation as per IRC Section 86 and IRS Publication 915.
References: IRC Section 86 and IRS Publication 915
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