jeffmcpa2010
Level 11
03-06-2022
04:55 AM
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Research the capital gains tax rates for low income taxpayers.
Also - I generally file a return if the SALES on a 1099-B exceed the filing threshold, even if there is no tax due. I like having the return filed, and showing the basis of the assets sold and that the gain is below the taxable level. Usually quicker than answering an IRS letter a year and a half later.