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Ask Rusty – Will my Medicare Premium Change because I sold investment property?
Social Security Matters
Russell Gloor
Dear Rusty: I have questions concerning the deduction of money from my Social Security benefit amount as relates to the sale of investment property. I am 66 years old and have been drawing Social Security since I turned 62. My wife is 56 and is a housewife and has no taxable income. Our income comes from our rental property and my Social Security benefit. I have decided to liquidate two of our properties – one was sold in December 2024, and one is in Escrow and is scheduled to close in March 2025.