- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
With total proceeds from the sale being $2200, you would not be required to file a tax return since there is no reason to tell the IRS what the actual gain was. You total income would only be $2200 if the cost basis was $0 so the total gain would be no where near the $12,000 you can make before being required to file a return.
See this FAQ: https://ttlc.intuit.com/questions/1901490-do-i-need-to-file-a-federal-return-this-year
‎June 4, 2019
5:36 PM