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Should I file even tho I lost everything last year?

Tried to keep working but lost more money than had as income
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2 Replies
rjs
Level 15
Level 15

Should I file even tho I lost everything last year?

You can use the calculator at the following link on the IRS web site to see if you have to file a tax return. Whatever income you had might require you to file, even though it was offset by losses.


Do I Need to File a Tax Return?

 

Should I file even tho I lost everything last year?

If you worked, but spent it all, for whatever reason,

you still have to file a tax return.

You may even owe money to the IRS.

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