6 ms·

So any income other than as a W-2 employee doesn't count influence your credit? This includes capital gains, rent collected from tenants, AdSense revenue. The

• u801e 8y ago
  Isn't that income also reported to the government via 1099 forms or similar? Do those who make less money typically also have income from sources such as collecting rent or capital gains?
  • mac01021 8y ago
    I suppose that reporting does happen or at least could be made to happen under the new system. I used to make $80k per year in salary(which is far less than most of the top decile in the USA) and in one of those years had over $10k in capital gains. In the same year I thought about buying a house to rent out. I ultimately didn't do it, but if I had, then I would have had to declare the income as part of my tax return filing process. Just as one data point.