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Get your taxes done using TurboTax
Yes, you can e-file your return.
Since many people are in the same situation, the IRS has provided the following guidance:
"In addition to all the other information required to be entered on Form 1040, a zero AGI filer must enter the following:
- $1 as taxable interest on line 2b;
- $1 as total income on line 9; and
- $1 as AGI on line 11" [IRS}
To do that in TurboTax:
- Select Federal on the left side menu.
- Select Wages and Income toward the upper left.
- Scroll down, or expand the list and find Interest and Dividends.
- Expand that section and find Interest on 1099-INT.
- Click on Start to the right.
- Answer the first question Yes.
- Click Continue.
- Click on Change how I enter my form in the lower right corner.
- Select Type it in myself.
- Fill in the first box with your banks name or "Interest".
- Put 1 in box 1
- Click Continue.
- Select None of these apply, and click Continue.
- Select Federal Review in the upper right corner.
- Keep going until you submit your e-file.
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‎January 25, 2022
12:32 PM