K1

jglover5901 — Wed, 03 Mar 2021 19:37:50 GMT

Not sure if this is the right forum.

I received a very small income from land in Georgia that my family leases to a hunt club. I live in virginia. I received about $12.00. Do I have to file Georgia state taxes?

Thanks,

Jglover5901

Re: K1

RayW7 — Wed, 03 Mar 2021 21:26:37 GMT

If this is the only Georgia income you have and your income does not exceed the standard deduction for your filing status then you will not need file in Georgia-

Note:

Full-year residents are taxed on all income, except tax exempt income, regardless of the source or where derived.

You are required to file a Georgia income tax return if:

You have income subject to Georgia income tax that is not subject to Federal income tax;

Your income exceeds the standard deduction and personal exemptions as indicated below:

A. Single, Head of Household or Qualifying Widow(er)

1. Under 65, not blind.................................$7,300

2. Under 65, and blind................................$8,600

3. 65 or over, not blind................................$8,600

4. 65 or over, and blind...............................$9,900

B. Married filing Joint

1. Both under 65, not blind........................$13,400

2. One 65 or over, not blind.......................$14,700

3. Both under 65, both blind......................$16,000

4. Both under 65, one blind.......................$14,700

5. Both 65 or over, not blind......................$16,000

6. One 65 or over, and blind......................$16,000

7. One 65 or over, and both blind..............$17,300

8. Both 65 or over, and blind.....................$18,600

C. Married filing Separate

1. Under 65, not blind.................................$6,700

2. Under 65, and blind................................$8,000

3. 65 or over, not blind................................$8,000

4. 65 or over, and blind..............................$9,300

These requirements apply as long as your legal residence is Georgia, even if you are absent from or live outside the State temporarily. A credit for taxes paid to another state is allowed. See the worksheet on page 19 for more information.

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