Legal Question in Employment Law in New York

Does selling inherited stock affect unemployment insurance benefits? I have heard that if you collect unemployment benefits and sell stock, the price of the stock is deducted from your benefits, and you have to re-pay that amount.


Asked on 1/28/10, 10:59 am

1 Answer from Attorneys
Locksley Wade Law Office of Locksley O. Wade

If you are not regularly engaged in selling stock then it will not be considered employment under unemployment benefits rules. A one time event such as you describe should not bar or reduce your benefits.

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Answered on 2/03/10, 5:33 am


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