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kylerthom
New Member

I didn’t sell any of my stocks this past year because I’m a long term investor, I only had 2 call options that expired worthless, do I need to file taxes?

I also didn’t have a job this past year so I didn’t have any capital gains.
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1 Reply
Vanessa A
Expert Alumni

I didn’t sell any of my stocks this past year because I’m a long term investor, I only had 2 call options that expired worthless, do I need to file taxes?

Generally, if you did not have income greater than $13,850 or self-employment income of more than $400, then no, you would not need to file a return this year.  

 

Owning stock is not a reportable event.  It only becomes reportable when you sell the stock.

 

If you are married, even if you did not have income, you can still file a joint return with your spouse.  This may produce a better overall tax outcome if you do. 

 

How Much Do You Have to Make to File Taxes?

Married Filing Joint versus Separate

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