Do I need to file?

[gyno]

What is the name of your state? California

Here is my situation

Didn't work in 2006
Sold $522 worth of stock
Recevied $35 of interest from B of A
Received $52 of interest from Fed Tax last year

Do I need to file?

Thanks in advance!!

 

[LdiJ]

What is the name of your state? California

Here is my situation

Didn't work in 2006
Sold $522 worth of stock
Recevied $35 of interest from B of A
Received $52 of interest from Fed Tax last year

Do I need to file?

Thanks in advance!!

No, you don't need to file

 

[gyno]

Are you 100% sure sir?

Thanks in advance..

 

[gyno]

Also sir, so I don't need to do anything then correct?

I don't need to send the I.R.S anything?

 

[LdiJ]

Also sir, so I don't need to do anything then correct?

I don't need to send the I.R.S anything?

Yes, I am 100% sure, and no, you don't need to send the IRS anything. I have been a tax professional for more than 20 years.

Your potential income is so low that there is no chance that you would be liable for state taxes either.

You absolutely do NOT need to file.

 

[gyno]

Thank you very much sir.. Appreciate it immensely..

Hope you have a great weekend..