Since my only income is the interest and dividends from my investments, I decided to take the test on the Fed and California website to see if I even need to file. The result? I do NOT need to even file. My investments have done a pretty good job of offsetting my spending but that’s all on paper. I am only taxed on interest and dividends received. They do not want you to file if not necessary because it waist their time and money.
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