I made less than $5,000 of taxable income in 2018. However, I invested some of that into the stock market. Do I still need to file taxes for the 2018 tax year?
03555
3 Replies
Bsch4477
Level 15
Jun 4, 2019 6:49:20 PM
If you were salaried you could file for any tax withheld and if you are not a dependent you might qualify for earned income credit. If you got a 1099-misc with income in box 7 you have to file to pay self employment tax.
tbrown377
New Member
Jun 4, 2019 6:49:22 PM
I didn't receive a 1099-misc. Only a 1099-b form this year. So, it will be okay to file for taxes next year then?
Bsch4477
Level 15
Jun 4, 2019 6:49:23 PM
If you had gross proceeds greater than your standard deduction you should file even though your actual gain is less.