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Get your taxes done using TurboTax
You asked: "why after entering all of my tax info and running the review it showed up as an error".
The Recovery Rebate Credit questions show up late in the software because TurboTax wants to make sure all of your information has been entered.
The computation of the Recovery Rebate Credit is a two-step process. You are able to observe what is happening at each step on line 30 of your Federal 1040.
Early in the program, TurboTax software computes whether you qualify for the $1,400 third stimulus check and gives you immediate credit for the third stimulus check.
You are able to view this Recovery Rebate Credit on line 30 of the Federal 1040 under Tax Tools / Tools / View Tax Summary / Preview my 1040.
You enter the third stimulus check actually received at the screen Let's double-check the amount you received.
Then the Recovery Rebate Credit on line 30 is reduced by the amount of the checks received. You may also view this under Tax Tools / Tools / View Tax Summary / Preview my 1040.
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