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Level 2
posted Dec 31, 2020 9:56:57 AM

Cocid-19 Stimulus Payment Correction

Adjusted Gross Income on 2019 return filed 2/18/20 - $150,994

Covid-19 stimulus payment based on AGI - $2,350.30 received 4/14/20

Received a corrected 1099 with adjusted Return of Capital which reduced AGI

Filed Amended Return showing AGI of $148,184 on 3/18/20

Should have been eligible for entire $2,400. 

 

How do I account for the $49.70 which should have been received on my 2020 return?

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1 Replies
Level 15
Dec 31, 2020 10:13:16 AM

2019 doesn't matter. 

 

your stimulus eligibility is really as calculated by your 2020 tax return LESS what you have received (minimum 0) 

 

look at Line 30 of your 2020 tax return - that is what you are due,