Little income in 2020 (under $3000) but used my savings to try my luck in the stock market (Fidelity, Ameritrade, Robinhood). No money made. Do I have to file taxes?

Made $3 in dividends, and $28 from a stock sold with profit.

posted

Probably not, but there are many factors that affect your filing requirements (e.g. stimulus payments and refundable credits).

See Do I Need to File a Tax Return? | Internal Revenue Service for an answer to your question.

Also, see Do I need to file a federal return this year? for additional information.

Thanks so much for taking the time to reply Todd...

I received both stimulus payments. I had also opened an IRA with $500 at the beginning of 2021 with a brokerage firm but had to close it because I needed the money a few months later. Even if it's all very small amounts, I don't want to get in trouble for not filing if I have to.