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March 5, 2021
Question

Zero income return interest name

  • March 5, 2021
  • 1 reply
  • 10 views

I know the IRS e-file won't work with 0 income. You have to put $1 in the interest section. However the software asks for the name of the bank, so I've been told to put anything in there, but I'm wondering if there is a convention here. Should I put in the taxpayer's name instead? Or just the initials?

Thanks.

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1 reply

Just-Lisa-Now-
Intuit Community Champion
March 5, 2021
I just put 'Interest'. The IRS wont ever see it, the Sch B isnt required unless its over $1500? I think.
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