JoannaB2
Expert Alumni

Get your taxes done using TurboTax

It depends.  If the total of your unearned income such as taxable interest, dividends, and capital gains, are more than $1,100 for 2020, you need to file a return even if it's not required by your earned inocme. If you have leftover losses from prior year, it will be carryforward to the current year.