Robert T. Si…, Renter in Upper West Side, New...

For seniors receiving Social Security, what constitutes income under HDFC standards? Is it only Social Security or is investment income included?

Asked by Robert T. Sidney, Upper West Side, New York, NY Sun Jun 30, 2013

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BEST ANSWER
Yes, Adina is correct. Basically, whatever type of income is reported on your tax return is what will be considered.
1 vote Thank Flag Link Sun Jun 30, 2013
Thanks for the confirmation.
Flag Fri Jul 5, 2013
All incoming funds that are reported on your income taxes are considered. This would include Social Security, Investments, annuities, one time monetary gifts, trusts and inheritances. Particularly if you are trying to qualify to purchase unit.
1 vote Thank Flag Link Tue Jul 2, 2013
It's what shows on your income tax. If you derive income from investments it counts towards the income guidelines.
1 vote Thank Flag Link Sun Jun 30, 2013
Thank you for the information.
Flag Fri Jul 5, 2013
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