Source
r/personalfinance•
Toates_Goatz

I had $12 in investment income and it'll cost $80 to file. What can be done?

Investing

As the title states, I have $12 in investment income last year. TurboTax wants $80 to file this. I know it's below the margin of error from the irs perspective I'm just curious as to the treatment of this stuff?

Posted Mar 27, 2016, 4:08 PM UTC

06
takeandbake•

Paper.

https://www.irs.gov/uac/List-of-Available-Free-File-Fillable-Forms

8
frankzzz•

This.
It doesn't cost $80 to file, it just costs $80 to file thru TurboTax.
It's free to tile directly with the IRS on your own.

6
bravokiloromeo•

Also, Turbotax often gives you enough info for free to fill out 99% of your tax forms. That's how I did mine for the first time last year.

2
yes_its_him•

You wouldn't owe any tax as this is below your standard deduction.

You don't need to file a return if this is your only income.

Edit: if you are commenting on TurboTax's ridiculous pricing, then use another product.

2
tariqabjotu•

Presumably it's not his only income...

3
[deleted]•

[removed]

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