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Subject Author Date
Long term capital gain tax question kb 03-20-2008
Posted by PeterL on March 21, 2008, 9:00 am
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> My gross income in 2007 was less than $8,750.
> In 2007, I sold a stock which I had held since 1998.  I understand
> that I need to file Schedule D and 1040 because of the long term
> capital gain tax.  However, I read in the instructions of the
> 1040, that I should file tax return if my gross income was $8,750.
> However, my gross income was less than that figure.
>
> My question is: should I file the 1040?
>


don't you want free money from the government?

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