I'm located in the US. I lost my job in late 2011 and found a part time job in mid 2012. Most of our savings were in stocks which I was forced to sell to make ends meet. Still not making enough from my part time job to get by, and financially should qualify for the EIC, except that my stock sales resulted in income above 3500, which I believe disqualifies me. Is there any way to file so that I still qualify for the earned income credit? Thanks,
Married, filling jointly.
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Tax Professional Answers
Kathryn Morgan
Unfortunately the investment income rule is hard and fast. If your net gain was over the limit you do not qualify. Sorry.
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577 weeks ago