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May 21, 2020
Question

I’m a day trader that is unemployed and have no other source of income beside day trading in the stock, I have made 5k in return overall and I was wondering if I have to owe back tax or file them

  • May 21, 2020
  • 1 reply
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1 reply

fanfare
Employee
May 21, 2020

the first filing threshold is at the Standard Deduction 12,200.

$5,000 is less than that so you don't have to file a return, unless you are a dependent or can be a dependent on another tax return.