I won a trip in a contest and I got the W-2 form today. It was a value of $1900. I haven't been employed this year so I haven't made any money. Do I need to file this year?
2007-01-31 19:18:55 · 3 answers · asked by Ryan 1 in Business & Finance ➔ Taxes ➔ United States
If that is your ONLY income you do NOT need to file, assuming that you are a single taxpayer.
If you are married and filing a joint return with your spouse, you must claim it as ordinary income.
2007-01-31 22:59:08 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Yes
you need to file every year
no matter how much (or little you make)
if you made zero there will not be any taxes on you prize winnings
2007-01-31 19:22:56 · answer #2 · answered by Jac B 2 · 0⤊ 2⤋
Yes,file.You will probably get money back if you qualify for the earned income tax credit.If you don't, you may be loosing out.
2007-01-31 19:23:41 · answer #3 · answered by Anonymous · 0⤊ 1⤋