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kritzercm
New Member

Do we have to file federal taxes? Net business income of 3700. Both retired and drawing SS?

Both of us are retired and draw SS.  Net business income of 3700.00.  Since this is well below our standard deduction, do we have to file?  

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Coleen3
Intuit Alumni

Do we have to file federal taxes? Net business income of 3700. Both retired and drawing SS?

Yes. If your Self employement income is over $400, you are required to file.

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