1813939
You'll need to sign in or create an account to connect with an expert.
It is not just TurboTax who had the problem with the IRS. You can reconcile your stimulus money on your 2020 tax return. On your 2020 return (filed in 2021), you will be asked about the stimulus money. Enter any amount you have already received (if any) . Then the program will calculate if you are owed more money (which would include any amount you qualify for the second stimulus money), or it will show you don't qualify.
After the Other Tax Situations section (Federal Review) of the 2020 TurboTax program you will be asked about the stimulus payment received or not received in 2020.
After you asked about the stimulus payment & you qualify, you will get the Recovery Rebate Credit (stimulus) on the 2020 federal tax return, Form 1040 Line 30.
It is not just TurboTax who had the problem with the IRS. You can reconcile your stimulus money on your 2020 tax return. On your 2020 return (filed in 2021), you will be asked about the stimulus money. Enter any amount you have already received (if any) . Then the program will calculate if you are owed more money (which would include any amount you qualify for the second stimulus money), or it will show you don't qualify.
After the Other Tax Situations section (Federal Review) of the 2020 TurboTax program you will be asked about the stimulus payment received or not received in 2020.
After you asked about the stimulus payment & you qualify, you will get the Recovery Rebate Credit (stimulus) on the 2020 federal tax return, Form 1040 Line 30.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
lnetuschil
New Member
nachellelewis0
New Member
Susan611
New Member
eugenesuh1
New Member
johnpickle306
New Member