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New Member
posted Jun 1, 2019 10:43:13 AM

If I was unemployed and had a loss on my 1099 B, do I still have to file a tax return?

Unemployed and Loss on my 1099 B

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1 Replies
Intuit Alumni
Jun 1, 2019 10:43:15 AM

Yes, if you meet the filing requirement. IRS only sees the proceeds on your 1099-B, not the profit or loss. If your proceeds and any other income are more than the filing requirement, you must file. In addition, if you have losses, the only way to carry them forward to future years is to claim them on your 2018 return.

2018 Filing Requirements

Single 

  • Under 65 $12,000
  • 65 or older $13,600

Married filing jointly

  • Under 65 (both spouses) $24,000
  •  65 or older (one spouse) $25,300
  •  65 or older (both spouses) $26,600

Married filing separately

  • Any age $5

Head of household 

  • Under 65 $18,000
  •  65 or older $19,600

Qualifying widow(er) with dependent child

  • Under 65 $24,000
  •  65 or older $25,300