file or not?

Question

Apr 11, 2007, 07:59 AM

breigh

New Member

Join Date: Apr 2007

Posts: 1

file or not?

I am a single mother and I live rent free with my boyfriend. I have not worked since she was born. Last year I was given $9757.52 from a broker for columbia management my aunt was holding for me. The gain (loss) was $1758.59. I 'm not sure if I have to report also I recieve $400.00 a month in child support. Do you have any suggestions, and if I need to file is there a easy I can do it at home > Thank you

Answers

Apr 19, 2007, 02:19 PM	#2

AtlantaTaxExpert Senior Tax Expert Join Date: Feb 2005 Location: Atlanta, Georgia Posts: 13,322	You need to file a Form 1040 with a Schedule D to report the $1,758.59 capital gain. However, NO taxes will be due. Recommend you get a professional to prepare the return. It is a relatively easy return, and you should pay no more than $100 for the fee (that is what I would charge).

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