How to handle annual Schedule C income in family business while on SSDI
My husband and I own a husband and wife CA LLC. Although I have done some work occasionally in support of the business, I have never earned income from it. As our business has grown and I have been doing better healthwise, recently I have been helping out more. Still very part-time, maybe 10-15 hours per week of light administrative duties. Our accountant suggested that we pay me for this work, in part so that I can increase my ABLE contributions and write off my expenses, however because the LLC is a disregarded entity, any income to me would be reported on an individual Schedule C. Because we jointly own the business, for feferal and state income tax purposes, the entity is treated like a sole proprietorship. Therefore, I would not receive a W2 or 1099, showing hours worked and the period in which the income is earned. Rather, all income would be reported annually on my Schedule C. So, for example, if the business made 100k in profit, 85k would be reported on my husband's Schedule C and 15k on mine.
Given that this income is reported on an annual basis, how would I report it to SSA so as not to trigger a TWP/SGA? I used all of my TWP and the grace period several years ago, when I attempted to go back to work full-time. I subsequently relapsed and my doctor forced me to stop working before benefits stopped, but if I make over SGA in a single month my benefits will immediately cease and I would have to reapply for expedited reinstatement. I am worried about borrowing trouble here, so I need to know from an SSA employee, how I should handle this? How do I explain annual income earned in the business in these circumstances? Thanks so much for your assistance.