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Now when it comes to Social Security benefits, having crypto can become a bit more complicated.
According to theSocial Security Administration(SSA) crypto can be either earned or unearned for benefit purposes.
What Is Earned Crypto?
There are also specific situations in which crypto can be considered earned income.
What Is Unearned Crypto?
What Does It Mean?
For those eligible for SSI, additional income can reduce or eliminate eligibility for those payments.
It then deducts this countable income from the SSI federal benefit rate.
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