How do I reflect an IRS reduction of $600? The IRS adjusted my 2020 refund, how do I make the change in my turbo tax file so it will be correct for importing next year?

icd10cats · ‎July 10, 2021

Turbo tax had me include a rebate incorrectly and the IRS reduced my refund by $600. There is a small amount of interest for the 4 months it took the IRS to determine this so its not a straight $600 reduction. How do I reflect these changes in my 2020 tax return so my records are correct?

VolvoGirl · ‎July 10, 2021

Don't bother or worry about that. It should not affect next year when you transfer.

Critter-3 · ‎July 10, 2021

If they adjusted the stimulus credit then nothing needs to be corrected in the program as it doesn't affect the next year's return.

Mike9241 · ‎July 10, 2021

the interest will be taxable in 2021. nothing affects the 2020 return you have

How do I reflect an IRS reduction of $600? The IRS adjusted my 2020 refund, how do I make the change in my turbo tax file so it will be correct for importing next year?