Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

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?

Highlighted
Level 1

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.

Labels (1)
0 Cheers
1 Solution

Accepted Solutions
Highlighted
Level 15
0 Cheers
2 Replies 2
Highlighted
Level 15
0 Cheers
Highlighted
Level 1
Thank you!
0 Cheers