topic Stimulus Check with a Negative AGI in Other financial discussions

Stimulus Check with a Negative AGI

corrheag — Fri, 24 Apr 2020 12:32:19 GMT

Hello,

When I log in to get my payment, it says they need to confirm my banking information. It asks me to enter my AGI which is -10, but it won't accept a negative or 0 when I enter the information. I am now locked out of the system for 24 hours. what should I do?

Re: Stimulus Check with a Negative AGI

colwye78 — Fri, 24 Apr 2020 13:58:16 GMT

I don't think you entered your correct AGI which is your Adjusted Gross Income

(amount you earned) now at this point practice patience until that 24 hour lockout period and just try again

Re: Stimulus Check with a Negative AGI

MinhT1 — Fri, 24 Apr 2020 14:18:48 GMT

The AGI is on line 8b of your 2019 form 1040 or line 7 of your 2018 form 1040.

Re: Stimulus Check with a Negative AGI

corrheag — Fri, 24 Apr 2020 14:35:23 GMT

Hello,

My AGI on line 7 for 2018 is -10. I am self-employed. I had a net loss of -10. That is the correct AGI. Do I put 0 or -10 in the get my payment when they ask to confirm my AGI?

Thank you,

Re: Stimulus Check with a Negative AGI

corrheag — Fri, 24 Apr 2020 14:37:09 GMT

-10 is the correct AGI. When I log into My Turbo Tax account, it says "AGI -10" I received a state refund that year. In any case, if your AGI is negative, do you enter in -10 or 0?

Thank you,

Re: Stimulus Check with a Negative AGI

Pheonix — Fri, 24 Apr 2020 14:49:47 GMT

I am in the same situation with the AGI -7112 and no refund or taxes owed. What is needed to get this thru. I have downloaded my transcript from the IRS and those are the numbers that they have on file. HELP, this stimulus money is needed!!!

Re: Stimulus Check with a Negative AGI

Negative-AGI — Fri, 24 Apr 2020 15:32:22 GMT

Like many others - need help on how to put a negative AGI on IRS stimulus for Covid 19. This is on my form1040 from 2018 taxes line 7 it is a negative number.

The IRS stimulus Check my Status will not allow a negative number -6937 or $0 or (6937) or an X6937.

Anyone find out how to fill out with a negative number? 4/24/2020

Re: Stimulus Check with a Negative AGI

Negative-AGI — Fri, 24 Apr 2020 15:41:21 GMT

It must be so nice that some people make so much money that they have no idea that a person could actually have a negative AGI!! Have patience?? Seriously? I wonder if I call my mortgage company and tell them to have patience - they would be cool with that. Or my car payment. Or my business lease agreement. Have patience. I am making no money. I do not get unemployment. I cant get a loan. But I am told to stay home. WE ARE ALL IN THIS TOGETHER! IRS has given everyone a stimulus check besides the people who have a negative AGI - The people who need it the most. There is no TOGETHER in this.

Re: Stimulus Check with a Negative AGI

corrheag — Fri, 24 Apr 2020 15:55:54 GMT

completely agree. i came across this board but i cannot try since i am locked out,

https://proconnect.intuit.com/community/tax-talk/discussion/stimulus-checks-with-negative-agi-irs-wont-accept-negative/00/79387

Re: Stimulus Check with a Negative AGI

colwye78 — Fri, 24 Apr 2020 15:56:43 GMT

I presume that message was directed towards me I survive paycheck to paycheck and barely can stay afloat and well I actually did not know that a person can have a negative AGI always learn something but I was just trying to be of some help if any and yes patience which I practice every day I meant no harm in any way hope everything works out for all

Re: Stimulus Check with a Negative AGI

AForrest — Fri, 24 Apr 2020 15:57:52 GMT

Same boat. I can’t seem to find the answer and now locked out for 24 hours.

Re: Stimulus Check with a Negative AGI

Negative-AGI — Fri, 24 Apr 2020 16:15:10 GMT

Corrheag - I read that board also and tried - does not work.

Re: Stimulus Check with a Negative AGI

Thomas1964 — Fri, 24 Apr 2020 21:02:45 GMT

I am having the same issue with the IRS.Gov my payment status under the banking information. I also have a negative AGI.

Can anyone help? Getting desperate!

Re: Stimulus Check with a Negative AGI

Victoria67 — Fri, 24 Apr 2020 21:14:30 GMT

This is going to help you please read!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Re: Stimulus Check with a Negative AGI

Thomas1964 — Fri, 24 Apr 2020 21:28:30 GMT

does not work

Re: Stimulus Check with a Negative AGI

Pheonix — Fri, 24 Apr 2020 21:28:56 GMT

Error message telling you:

Adjusted Gross Income: Must be numeric (0-9) input only

Re: Stimulus Check with a Negative AGI

Thomas1964 — Fri, 24 Apr 2020 22:14:24 GMT

Thanks. ok I did that but i did not receive a refund or made a payment. It is a required field. I put in 0 and it did not work.

Re: Stimulus Check with a Negative AGI

corrheag — Sat, 25 Apr 2020 08:57:56 GMT

Update: I have solved the problem.

When I entered my AGI, I removed the minus sign. so, the AGI was 10.

The next part was whether or not I received a refund or owed money. The key here is to enter the actual money owed or reserved as listed on your 1040. Since I was claiming 2018, I had to check line 20a. I am not sure of the line you have to check if you owed money, but there is a question mark just about the space with the info. In my case, line 20a was 0.

To summarise:

-AGI 10 (remove minus)

-Refund amount (line 20a) 0

-Entered in banking information

The transaction was successful!

I hope this helps. It worked for me, so I would suggest clicking on the question marks as they will guide you.

Hope this helps.

Re: Stimulus Check with a Negative AGI

Negative-AGI — Sat, 25 Apr 2020 12:59:11 GMT

Corrheag - Thanks! I went in this morning and did not put a minus sign.

Next was - did I receive a refund or owe?

I did click had a refund. The trick is - I did not get refund back. I am rolling it over to pay 2019 taxes.

So instead of putting 2000 - which was on line 20a, I put 0 since I really did not receive a refund.

That worked!

Getting check electronically!

So happy you figured it also! Thanks for the message. Hopefully this will help other people as well!

Re: Stimulus Check with a Negative AGI

AForrest — Sat, 25 Apr 2020 18:18:13 GMT

THANK YOU!!!!!!
Your advice/posting was successful for me today.

Appreciate everyone helping each other out!