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Stimulus Payment impacts refund
I am using TT 2020 Premier Desktop to do an estimated return.
I came across a section that asks about the stimulus payment.
If you answer "yes" it wants you to enter an amount.
Example 2020 refund 100.00
I entered 12.00 which was the amount that was deposited into my account.
The next screen shows Great News "Your Credit" 1200.00
But my 2020 refund drops to 88.00
I thought there was no impact on refund or amount owed.
Am I missing something here?
Is this portion of TT not complete yet?
Is this amount what preparer has to pay back?
Topics:
‎January 1, 2021
4:03 AM