Line 3 of the SS benefits worksheet picks up all those types of non "wages subject to taxation" incomes so yes you don't necessarioy have to cough up the 7 1/2 or 15% (or whatever the current rate is for employee/self employed) SS tax but are still income and affect the amount of your SS benefit payments (to you....line 20a) that are added to your income (line 20b) for your Total Income amount on line 22 of the 1040.
The reply had to do with haying for someone else and that's wages subject to taxation be it employee (supply form W-2), self employed, or contract labor (both require 1040 Schedule SE) and not of the type you mention unless your rental income falls under self employed income. Renting houses IS a business whether you want to call it that or not. Interest is just that, interest, either taxable or tax exempt for the purpose of the 1040 line 22.
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Today's Featured Article - Restoration Story: 1951 Farmall H - by The Red (John Fritz). I have been a collector of Farmall tractors since 1990 when I first obtained part of the family farm in Eastern Indiana. My current collection includes a 1938 F20, 1945 H, 1946 H, and the recently purchased 1951 H. This article will focus on what I encountered and what I did to bring the 1951 NEAR DEATH Farmall H back to life.
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