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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.
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‎January 15, 2021
1:27 AM