Skip to main content
Level 2
April 16, 2020
Solved

stimulus check

  • April 16, 2020
  • 1 reply
  • 2 views

i have already paid my 2019 taxes. due to the sale of my rental, my amount on line 7a is $187, 742. normally it would be $45,000. the irs says they do not have my info for a direct deposit on the stimulus check, so i went to fill it out. since they are going by last year's return , ( the same year i sold the house in), my stimulus check will be around $500 for both us (married, filing jointly.) the amount show on line 23 ($10,711) does not match the amount of tax that i owed, line 16 ($13,645), since i had $ 3,000 withheld for withholding from my pension & social security. the irs is closed now. i guess i am asking if there is any way they will consider a typical year of income, instead of the one year I will ever sell a house in? if i had not paid my taxes early this year, they would have went by last 2018's return, which was typical.  2020 will be typical, also.

    Best answer by CatinaT1

    The stimulus will be reconciled with your 2020 return (filed in 2021).  If you are due additional money, you will get it with that return.

    1 reply

    CatinaT1
    CatinaT1Answer
    Level 15
    April 16, 2020

    The stimulus will be reconciled with your 2020 return (filed in 2021).  If you are due additional money, you will get it with that return.

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