JamesG1
Expert Alumni

Get your taxes done using TurboTax

The screen Did you take a disaster distribution at any time between 2018 and 2020? does not refer to the three stimulus payments that many taxpayers received in 2020 and 2021.

 

The question refers to a disaster distribution from your pension funds between 2018 and 2020. A disaster distribution allowed you to spread the distribution over three 1040 tax returns.

 

If you need to report this, IRS Form 8915 will be needed to complete your tax return but that form is not yet available.  See this TurboTax Help.

 

The first and second stimulus checks were reported on the 2020 Federal 1040 tax return.

 

In TurboTax Online, you are prompted to input the third stimulus check information under Review down the left hand side of the screen.  You can also access your stimulus check choices by following these steps: 

  • Down the left side of the screen, click on Federal.
  • Across the top of the screen, click on Other Tax Situations.
  • At the screen We're almost there… or the screen That's all we need…,  click on Let’s keep going.
  • At the screen Let’s double-check the amount you received, answer the questions and click Continue. 

If you have not received the third stimulus check, you will receive your payment in the form of a Recovery Rebate Credit on line 30 of your 2021 Federal tax return when you file.

 

TurboTax will compare your stimulus payment amount to the computations within TurboTax.  The computations within TurboTax are based upon the information that you have entered into the tax software.  If you are due an additional amount, it will be issued as a Recovery Rebate Credit (RRC) on line 30 of the 2021 1040 tax 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"