Hi,
Referencing this https://turbotax.intuit.com/tax-tips/irs-tax-return/does-everyone-need-to-file-an-income-tax-return/...
Thanks!
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No, you do not have to file a tax return if you do not meet the qualifications here:
Do I need to file a federal return this year?
If your K-1 is from a Partnership (Form 1065) and has a number in box 14 over $400, then you have self-employment income in excess of $400.
No, you do not have to file a tax return if you do not meet the qualifications here:
Do I need to file a federal return this year?
If your K-1 is from a Partnership (Form 1065) and has a number in box 14 over $400, then you have self-employment income in excess of $400.
Thanks!
Also, a good reference is https://www.irs.gov/pub/irs-pdf/i1040gi.pdf section,
Chart C—Other Situations When You Must File
Attached is (I hope the link works) the filing requirements from the IRS. https://www.irs.gov/publications/p501#en_US_2021_publink[phone number removed]
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