A disabled veteran may be entitled to tax-free disability income from the federal government. However, other government benefits, as well as other sources of income, may push the veteran over the threshold for filing a return. This means a return must be filed, even if no taxes are owed. What’s more, even if the veteran is below the filing threshold, there are situations in which a return must be filed nonetheless, such as if the homebuyer credit was claimed in 2008, subject to a 15-year repayment period, so that part must be repaid this year.
An exchange of similar assets used in a business or held for investment on which gain may be deferred.