I don’t want to get in trouble for not filing but I didn’t work and only made a few thousand dollars selling personal items. Lived off my savings mostly.
What makes you think the IRS shows you need to file? Did you get any 1099 forms?
Do you need to file a return?
IRS Do I need to file?
Hi. Thnx 4 the fast reply. When I log onto my ITS website account, it says “⚠️ Your 2022 tax return is not processed.” I don’t think I got a 1099. I’m still dealing with a mistake I made filing w/ Turbo Tax last October.
I will try those links. Ty
It says not processed because you didn't file one. Not that you need to file a return. Did you get unemployment or have health insurance from the Marketplace? You might need to file for those.
According to the IRS “Do I need to File” questionnaire, I don’t need to file. But I’m still curious why the IRS website is even mentioning me not filing. For employment status in the quiz, there was only employed, self-employed, neither. I picked neither in holes thats unemployed. Ty
@kinetickutz Where on the IRS site did you see that something saying you did not file? If you did not file a tax return, there will certainly be no information whatsoever on the "Where's my refund" site. Did you look at your online IRS account? Or did you try looking for a transcript? Are you seeing a "verifcation of non-filing?"
If you received unemployment compensation, you might need to file a tax return since unemployment is taxable on a federal return. If, as you say, you mostly lived on savings, then you are unlikely to need to file a return at all.
If you had marketplace insurance and received a 1095A for that, you need to file.
No unemployment in 2022. No Marketplace insurance I dont think? I am on medical. Is that Marketplace insurance?
@kinetickutz wrote:
No unemployment in 2022. No Marketplace insurance I dont think? I am on medical. Is that Marketplace insurance?
Did you mean Medicare or Medicaid? If so, that is NOT Marketplace insurance.
You are also required to file a tax return if you took money out of a Health Savings Account (HSA) or Medical Savings Account (MSA).
You mentioned you made a few thousand dollars selling stuff. There’s a filing requirement for self employment when you reach $400. What were you selling?
Medical is Californias public assistance health care. Its the same as medicaid or medicare, whichever is for people under 65.
Mostly clothes. If I made over $400, do I have to file as self employed? If so, don’t they charge a minimum of like $1,200 to file self employed? I didn’t even make $1,200… but I did make a bit over $600-$700
I don’t have a medi-cal savings or health care savings account. I just had Medi-Cal & Denti-Cal and saw a dr once or twice for my Epilepsy to get prescription refilled and a bunch of dental work done. But I also had to pay like $600 out of pocket for stuff Denti-Cal didn’t cover.
I’ve never heard of health insurance from the Marketplace. What is that?
The other little money I made was from selling a few personal belongings on FB Mrktplace like a JBL Speaker, an American Flag, and two pieces of artwork that I bought prints and had them matted n framed. Those sold on Ebay for like $1,100 & $800.
Is there a way to unsubscribe from all the badges emails only? They are ridiculous w/ these things. I’ve gotten like 20 emails just about badges earned. Its ridiculous!! I hit unsubscribe on one of them, but I’m worried I won’t be notified if someone responds to my messages.
@kinetickutz - alot to unpack here.
1) on the personal items: if you sold them for less than you originally purchased them for, then that is not reportable on your income tax form. If you sold them for more than you orignally purcashed them for that PROFIT needs to be reported.
2) on the items you purcashed (the artwork), and then sold on Ebay, the PROFIT needs to be reported.
if the PROFIT on the items noted above exceeds $400, then you must file a tax return. That PROFIT is subject to a 15.3% self-employment tax (bascially it is Medicare and Social Security tax). If the PROFIT (if 2022) exceeds $12950, there would be "income tax" (which is separate from the self-employment tax)
does that help?