Hello, my only source of monthly income is SSI & I’m currently unemployed; would I need to file my 1099 interest forms & 1099b? I didn’t sell much stock & only made a spare grand or so from interest from multiple banks last year. I’ve filled two years in a row all of my bank bonuses & stock gains/losses, but it looks like I didn’t even need to file in the first place.

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Perf21

Question

SSI income & investments/interest forms

Forum|Forum|2 years ago
January 23, 2024
2 replies
0 views

Hello, my only source of monthly income is SSI & I’m currently unemployed; would I need to file my 1099 interest forms & 1099b? I didn’t sell much stock & only made a spare grand or so from interest from multiple banks last year. I’ve filled two years in a row all of my bank bonuses & stock gains/losses, but it looks like I didn’t even need to file in the first place.

Not A Product Question

Bsch4477

Employee

Read the information here.

https://turbotax.intuit.com/tax-tips/irs-tax-return/do-you-have-to-file-an-income-tax-return/amp/L2hxskbIr

VolvoGirl

Employee

Do you get ssi or Social Security? They are different things. A lot of times people say ssi when they mean Social Security Income. But it's not. SSI actually stands for Supplemental Security Income not Social Security. You do not get a SSA-1099 for SSI. You do not report SSI at all.

Perf21Author

Yes, it’s actually SSI. Not social security income. I’m aware that i don’t have to file because of SSI. I’m only wondering if I’d have to file a tax return for the tax forms I get from my banks & brokerages. It varies from 1099 INT to 1099B from stock trades. These financial gains don’t surpass $2k if I remember correctly.