dely
New Member

Do we need to file if our only source of taxable income is from a 72T SEPP distribution and is below $11k?

I am a disabled Veteran and receive VA compensation which I am told is not taxable.  This has been my situation for the past 4 years and I have filed a return each year always with the exact same numbers.  It seems like a waste of time for the IRS to process a return that doesn't benefit anyone.  Thank you in advance for sharing your expertise.