TurboTax (Desktop): Can't find where to adjust Child Tax Credit Advance Payment (Form 6419)

Forum|Forum|4 years ago
February 1, 2022
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Initially, I didn't have form 6419 when I did the interview in TurboTax. However, for the life of me, I can't find where it is to update that form. It doesn't appear when I click 'Child/Dependent Care Credit', nor do I get any luck when I use the search function for 6419. Can someone point out how to access the interview screen for 6419 on TurboTax Desktop (Windows)?

xmasbaby0

Level 15

You are confusing two different credits. The child tax credit is not the same thing as the child and dependent care credit. The childcare credit is a credit you get if you paid someone to take care of your child while you worked.

The child tax credit is given to anyone who claimed a child up to age 17 as a dependent.

The "refund monitor" starts off by giving your all of the stimulus money and all of the child tax credit because the software does not know yet that you received stimulus money or that you received some advance child tax credit payments. That gets reconciled later.

That "refund monitor" changes as you enter information. That is normal. And you cannot take it seriously until you enter ALL of your information---even though it is so tempting to believe that the highest amount is the "right" refund.

Federal>Deductions and Credits>You and Your Family>Child Tax Credit

The IRS is sending out letter 6419 to you. It will show the amount of advance child tax credit that you received during 2021. Enter the information from that letter carefully.

The remaining amount of CTC that you can receive will show up on line 28 of your 2021 Form 1040.

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

NOTE: The CTC is indeed a “credit” that can be applied toward any tax liability that you would otherwise have to pay as “tax due” to the IRS.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

DoninGA

Level 15

You enter the advance child tax credit received in 2021 in the Child and Other Dependent Tax Credit section under Deductions & Credits.

To enter, edit or delete the advance child tax credit

Click on Federal Taxes
Click on Deductions & Credits
Click on I'll choose what I work on (if shown)
Under You and Your Family
On Child and Other Dependent Tax Credit, click on the start or update button

Or enter child tax credit in the Search box located in the upper right of the program screen. Click on Jump to child credit

Make sure that your software is at the latest release, current version for the 2021 TurboTax for Windows desktop edition is Version 021.000.0415. Look in the Help section and About TurboTax.

Click on Online at the top of the desktop program screen. Click on Check for Updates.