You'll need to sign in or create an account to connect with an expert.
No, you don't need to file a return.
Your benefits may be taxable if the total of (1) one-half of your benefits, plus (2) all of your other income, including tax-exempt interest, is greater than the base amount for your filing status.
The base amount for your filing status is:
Sorry but you may have to file ... it depends on the GROSS sales amount and not just the net gain. You can use one of the 8 FREE FILE OPTIONS available at https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free to know for sure if you are required to file even if you will not get a refund or owe taxes.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
KarenL
Employee Tax Expert
g456nb
Level 1
cdtucker629
New Member
dabbsj58
New Member
user17558933183
Returning Member