It would appear to be a coincidence. The three stimulus payments are not interrelated.
If the stimulus payments were received in full, then the Recovery Rebate Credit must be 0. However, TurboTax will calculate the Rebate Recovery Credit based on what is entered. A number must be entered for each stimulus payment.
To do this in TurboTax, follow these steps:
- Go to the search box and enter stimulus. Click the Jump to link.
- Answer Yes.
- At the next screen, Let's double-check the amount you received, answer No to edit the first-round and second-round amounts.
- Since no stimulus amount was received, enter 0 for each box. An amount must be entered in each box. When finished, click Continue.
The first stimulus payment was for up to $1,200 each.
- If not received, it will be refunded to you on the 2020 tax return filed in the spring of 2021, less any taxes due.
The second stimulus payment was for up to $600 each.
- If not received, it will be refunded to you on the 2020 tax return filed in the spring of 2021, less any taxes due.
The third stimulus payment was for up to $1,400 each.
- If not received, it will be refunded to you on the 2021 tax return filed in the spring of 2022, less any taxes due.
@natcan123
