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April 16, 2020
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stimulus check

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.

    CatinaT1
    CatinaT1Answer
    Alumni - Intuit
    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"

    1 reply

    CatinaT1
    CatinaT1Answer
    Alumni - Intuit
    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"