Crypto Currency Winner?

Question:

Hello Jim, I have recently purchased some Crypto Currency, I am P&T /TDIU and collect SSDI. If lightning strikes with this crypto investment do I have to worry about losing my VA/SSDI benefits?

 

Jim's Reply:

That would depend on whether or not VA would class such income as gainful employment. While I'm reasonably sure that a return on your investment would not be viewed as gainful employment, the crypto currency world is so new that I doubt that this has been formally addressed. If you win the Lotto or inherit a fortune from your poor old Aunt Tillie, you keep your TDIU & SSDI benefits.
 

If you win the crypto lotto, I can't be sure.
 

You may want to talk to a CPA and see if you would want to make some investments to help with potential taxes and so on. Otherwise, carry on and good luck!

 


Source URL: https://dev.statesidelegal.org/crypto-currency-winner