I was told I should file a tax return claiming $1 income and $1 agi for 2019 so that I am in the IRS system since I have been unemployed since 2016, how do I do that?

Forum|Forum|6 years ago
March 27, 2020
21 replies
153 views

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Best answer by LeonardS

Since the CARES Act is still working its way through Congress and has not been signed into law, there are some questions that can't be answered definitively at this time. Please check for updates here TurboTax Corona Virus Update Center and here IRS Corona Virus Update Center. As a point of interest tax returns with only $1 of income are automatically flagged as potential fraud due to ID Theft.

LeonardSAnswer

Level 14

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Bsch4477

Level 15

@LeonardS Can you site a source that the IRS will automatically flag returns with a $1.00 AGI? VITA/Taxaide has been doing that for many years to enable efiling.

johnf2

Level 3

Out of professional curiosity,, why would VITA/Taxaide or anyone else want to enable someone to "e-file" for no apparent reason? Remember a $1 anywhere, if it is fictitious, is still fictitious. There are no filing requirements due to the Standard Deduction for $1 wage earners. Thus, "enabling someone to be able to e-file", just to e-file doesn't make sense. IMO. [Usually I don't partake in these discussions, but I would really like to know a reason for enabling those who don't need to be enabled.]

Bsch4477

Level 15

Just report $1.00 in capital gains on a 1099-DIV form. For pay or write “In order to efile “.

TaxingExpert

Level 2

Filing with $1 capital gains on form 1099-DIV is completely legal. Stay safe and healthy out there everybody, I love you all!

JulieClasper

Level 2

@TaxingExpert So, just file $1 capital gains on form 1099-DIV and do not claim $1 income and/or $1 as AGI?

Bsch4477

Level 15

Reporting the $1.00 in capital gain will show up as that amount in income and will allow you to efile. If you want to report zero income you can print your return and mail it. Most programs will not allow you to efile with zero AGI.

Protypist360

Level 2

@Bsch4477

Will this option produce a different result?

"... make a $1 entry for Interest Income.

To do this go to:

Income
Interest and Dividend Income
Interest or Dividend Income
Interest Income Form 1099-INT > enter your name in the Payer's Name box and enter $1 in the Interest Income box 1 entry space.
This will have no bearing on the return however it will allow the IRS computer to read an entry on one of the required lines and therefore be able to process the return for you."

Source:

https://support.taxslayer.com/hc/en-us/articles/[phone number removed]-What-if-I-don-t-have-any-taxable-income-