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Level 3
December 7, 2019
Solved

What is included in gross income for filing requirements when income includes Social Security and proceeds on a 1099-B show the cost basis and the actual gain is small?

  • December 7, 2019
  • 2 replies
  • 18 views

This married couple's social security is $28500, pensions of $22,588 and proceeds from a bond that matured on 1099-B of $100,000 and the cost basis reported as $100,000.  Do they need to file? Both over 65.

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Best answer by George4Tacks

Yes

2 replies

George4Tacks
Level 15
December 7, 2019

Yes

Answers are easy. Questions are hard!
Level 3
December 7, 2019
Thank you!