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    breigh's Avatar
    breigh Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 11, 2007, 07:59 AM
    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 receive $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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 19, 2007, 02:19 PM
    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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