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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?

Catbrother
Level 2

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.

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George4Tacks
Level 15

Yes


Here's wishing you many Happy Returns

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2 Comments 2
George4Tacks
Level 15

Yes


Here's wishing you many Happy Returns
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Catbrother
Level 2
Thank you!
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