HOPE2
Level 9
‎01-30-2022 07:09 PM

Client want to have E-file with zero income, can I e-file it, if not, should enter $1 on other income but what section is the best. Interest section ask the name of payer! No have payer. Please help me to move forward. New in Proseries.

 

Greatly appreciate.

0 Cheers
taxiowa
Level 9
Level 9
‎01-30-2022 07:23 PM

I just put down "bank intereest" as name of bank and put in $1.  Sometimes I even spell it correctly.

sewcpa
Level 5
‎01-30-2022 07:52 PM

sometimes I call it estimated

IRonMaN
Level 15
‎01-30-2022 07:55 PM

But why skimp out on a dollar of bank interest?  Go for the big time and call it $1 lottery winnings - let your client be the envy of the neighborhood!


Slava Ukraini!
qbteachmt
Level 15
‎01-31-2022 10:29 AM

Read this:

https://www.irs.gov/pub/irs-drop/rp-22-12.pdf

Rev. Proc. 2022-12

"This revenue procedure provides procedures for individuals who are not otherwise required to file Federal income tax returns for taxable year 2021 to claim the child tax credit under § 24, to claim the 2021 recovery rebate credit under § 6428B, and to claim the earned income credit under § 32"

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