Greetings,
Our income is quite a bit below the threshold needed for filing taxes.
We have long term capital gains losses, however, that doesn't mean much as we have very little capital gains to offset them against.
What we do have is a TD Amertrade account seems to issue a report to the IRS showing them "Short term Proceeds"; form 8949. Unfortunately, the document they send does not show the "basis reported to the IRS". Therefore, as far as I understand I have to file a tax return that includes the cost basis. Last year the difference between the cost basis and proceeds was $46. Yuck.
Suggestions??? Any way to not have to file?
thank you,
Andy
