Amended Return + Stimulus

Forum|Forum|5 years ago
March 28, 2021
1 reply
6 views

Submitted my tax refund in February and received the first and second stimulus payments in my refund. I received an amended 1099 form and need to amend my return. What do I respond to Turbotax asking if I received the stimulus? Yes? It doesn't provide an option to say the filer received it with the original refund. Now when I go to amend my return it says I owe $1800 in my federal return from receiving the stimulus payment (even though I got it in my refund, NOT in 2020). Help?

LenaH

Employee Tax Expert

Since you received the stimulus payments with the Recovery Rebate credit on your original return, then you would enter yes. The first two stimulus payments were an advance of the Recovery Rebate Credit. Answering yes would not trigger an $1,800 tax liability as stimulus payments are not considered taxable income. In addition, stimulus payments/Recovery Rebate Credit generally does not have to be repaid.

Did you enter your amended 1099 prior to this seeing your additional tax liability? The input of your additional income from your amended 1099 could have triggered the tax liability. Please go back to the entry of your 1099 form and double-check all input.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

atettAuthor

Level 2

Thanks for the response. The amended 1099 was already on my original tax documents and the amended amount is for - quite literally - $1, so up until I was asked if I received the stimulus checks, my federal return listed $0. It wasn't until I responded 'yes' did a grey $1800 appear where my federal return amount was listed.