DanaB27
Expert Alumni

Get your taxes done using TurboTax

1. You use Form 8812 for the Child Tax Credit and you enter the amount on line 28 of Form 1040. 

 

To enter this in TurboTax:

  1. Login to your TurboTax Account 
  2. Click on the "Search" on the top and type "Child tax credit"
  3. Click on “Jump to Child Tax Credit”
  4. Continue through the questions until the "Tell us about any advance Child Tax Credit payments" screen and enter the advance payment amount from letter 6914.
  5. Continue through the questions.

Please see What is the Child Tax Credit? and IRS 2021 Child Tax Credit and Advance Child Tax Credit Payments FAQ for additional information.

 

 

2. If you didn’t get your full third stimulus payment, you may be eligible to claim the Recovery Rebate Credit on line 30 Of Form 1040 of your 2021 tax return.

 

To claim the Recovery Rebate Credit in TurboTax, please follow these steps:

  1. After entering all your information click "Search" at the top right and type "Stimulus".
  2.  Follow the jump to link (if you do not qualify for the Recovery Rebate Credit the stimulus questions will not come up). 
  3. On the screen "Let's double-check the amount you received" you will be asked about the amount of third stimulus payment you received. TurboTax will then calculate the amount of stimulus payment remaining that you are still entitled to get. 
  4. Any stimulus amount remaining due to you will show as The Recovery Rebate Credit on line 30 of Form 1040.

 

Please see What are the eligibility rules for the Recovery Rebate Credit? for additional information. 

 

 

3. Did you have rental income from your timeshare? Please see Where do I enter income and expenses from a rental property?

 

 

4. Distributions from a 401k are entered on line 5 of Form 1040 (earnings staying in the 401k do not have to be reported). To enter your 1099-R into TurboTax:

  1. Click on "Search" on the top right and type “1099-R”
  2. Click on “Jump to 1099-R”

 

 

5. You do not have to enter Form 1095-C. Please keep it for your records.

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